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Coleton forms a three-asset portfolio consisting of $15,000 in T-Bills, $2,000 in Peyton stock, and $13,000 in Manning stock. If Peyton's beta is 0.51 and
Coleton forms a three-asset portfolio consisting of $15,000 in T-Bills, $2,000 in Peyton stock, and $13,000 in Manning stock. If Peyton's beta is 0.51 and Manning's beta is 1.23, what is the beta of Coleton's overall portfolio? Keep 4 decimal places in intermediate steps and show 2 decimal places in your final answer.
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