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PORTFOLIO BETA An individual has $10,000 invested in a stock with a beta of 0.4 and another $80,000 invested in a stock with a beta

PORTFOLIO BETA

An individual has $10,000 invested in a stock with a beta of 0.4 and another $80,000 invested in a stock with a beta of 1.1. If these are the only two investments in her portfolio, what is her portfolio's beta? Round your answer to two decimal places.

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