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Jack has invested $300,000 in securities A, B and C. Their weights and betas are listed in the below table. What is the portfolio beta?

Jack has invested $300,000 in securities A, B and C. Their weights and betas are listed in the below table. What is the portfolio beta?

Security Weight (%) Beta
A 40 1.2
B 40 1.3
C ? -1.0

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