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Bob's portfolio has a market value of $100,000, with $20,000 of funds invested in Stock A with a beta of 1.44, $30,000 in Stock B

Bob's portfolio has a market value of $100,000, with $20,000 of funds invested in Stock A with a beta of 1.44, $30,000 in Stock B with a beta of 194, $20,000 in Stock C with a beta of 1.02, and the remainder in Stock D with a beta of 2.29. Calculate the beta of Bob's portfolio? State your answer as a decimal, rounded to two decimal places. (4 marks)

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