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eBook Portfolio Beta Your investment club has only two stocks in its portfolio $20,000 is invested in a stock with a beta of 0.3, and

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eBook Portfolio Beta Your investment club has only two stocks in its portfolio $20,000 is invested in a stock with a beta of 0.3, and $75,000 is invested in a stock with a beta of 1.3. What is the portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places

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