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Ester has a portfolio consisting of 20% U.S. Treasury bills, 50% in mutual fund A, and 30% in stock B. Mutual fund A has market

Ester has a portfolio consisting of 20% U.S. Treasury bills, 50% in mutual fund A, and 30% in stock B. Mutual fund A has market level risk. Stock B has a beta of 1.5. What is the beta of the portfolio? Answer to two decimal places.

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