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Billy Madison has a 3-stock portfolio with a total value of $1000000. $230000 is invested in Stock A with a beta of 1.47, $450000 is

Billy Madison has a 3-stock portfolio with a total value of $1000000. $230000 is invested in Stock A with a beta of 1.47, $450000 is invested in Stock B with a beta of 0.83, and $320000 is invested in Stock C with a beta of 0.97.

What is the portfolio's beta (to two decimal places)?

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