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Pat's portfolio contains a combination of Johnson & Johnson and the risk-free asset. Johnson & Johnson has a beta of 1.3 and a standard deviation

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Pat's portfolio contains a combination of Johnson \& Johnson and the risk-free asset. Johnson \& Johnson has a beta of 1.3 and a standard deviation of 0.70. If the portfolio weight for Johnson \& Johnson is 1.1, what is the beta of Pat's portfolio? Include four decimal places in your answer. Your

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