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Bob owns a portfolio that is one-third invested in a risk-free asset, one-third invested in Stock A and one-third invested in Stock B. Stock A

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Bob owns a portfolio that is one-third invested in a risk-free asset, one-third invested in Stock A and one-third invested in Stock B. Stock A has a beta of 1.09 and the total portfolio is equally as risky as the market. What must the beta be for Stock B? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Beta

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