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Given the following information, calculate the beta for the portfolio of stocks A, B, and C. (Answer to the nearest tenth). Amount Stock Invested Beta

Given the following information, calculate the beta for the portfolio of stocks A, B, and C. (Answer to the nearest tenth). Amount Stock Invested Beta Stock A $8,000 1.4 Stock B $9,000 1.2 Stock C $6,000 0.7 Selected Answer: Incorrect [None Given] Correct Answer: Correct 1.1 0.1 please explain step by step how the answer is 1.1

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