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As an investment bank manager, you have the following three investments in your current portfolio. General Motor shares: 900 shares, trade for $30/share, beta= 0.9

As an investment bank manager, you have the following three investments in your current portfolio.

General Motor shares: 900 shares, trade for $30/share, beta= 0.9

JP Morgan shares: 500 shares, trade for $80/share, beta= 1.1

MGM shares: 1000 shares, trade for $35/share, beta =2.0

What is the portfolio beta?

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