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Duke Energy is a multi-divisional utility company. Duke Energy has four divisions with the following betas and proportions of the firm's total assets: Division

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Duke Energy is a multi-divisional utility company. Duke Energy has four divisions with the following betas and proportions of the firm's total assets: Division Electric & Gas Bus transportation Real estate Recreation Beta 1.64 1.08 4.60 3.68 What is the firm's weighted average beta? 3.575 3.150 2.255 2.750 % of Assets 20 10 15 55

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