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Calculate the beta of your portfolio, which comprises the following items: (a) Olympic Steel stock, which has a beta of 2.2 and comprises 40 percent
- Calculate the beta of your portfolio, which comprises the following items: (a) Olympic Steel stock, which has a beta of 2.2 and comprises 40 percent of your portfolio, (b) Rent-a-Center stock, which has a beta of 1.5 and comprises 28 percent of your portfolio, and (c) Lincoln Electric stock, which has a beta of 0.5 and comprises 32 percent of your portfolio. Determine whether the portfolio has less risk, equal risk, or more risk compared to the overall market.
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