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An investor wishes to invest equal amounts in three stocks and to achieve a portfolio beta of 1.2. If stock A has a beta of

An investor wishes to invest equal amounts in three stocks and to achieve a portfolio beta of 1.2. If stock A has a beta of 0.9 and stock B has a beta of 1.1, what must be the beta of stock C?

Select one:

A. 1.6

B. 0.7

C. 1.2

D. 1.8

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