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ELLIS Corporation is a holding company with four main subsidiaries. The percentage of its capital invested in each of the subsidiaries (and their respective betas)

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ELLIS Corporation is a holding company with four main subsidiaries. The percentage of its capital invested in each of the subsidiaries (and their respective betas) is as follows: Subsidiary Percentage of Capital Beta Electric utility 60% 0.70 Cable company 25 0.90 Real estate development 10 1.30 International/special projects 5 1.50 What is the holding company's beta

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