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Mr . Lodovico has a 2 - stock portfolio with a total value of $ 1 0 0 , 0 0 0 . $ 7

Mr. Lodovico has a 2-stock portfolio with a total value of $100,000. $70,000 is invested in Stock A with a beta of 0.800 and the remainder is invested in Stock B with a beta of 1.57. What is his portfolio's beta?
1.13
1.06
1.03
1.08
1.19

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