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Portfolio Beta Need help with this problem. Your investment club has only two stocks in its portfolio. $25,000 is invested in a stock with a

Portfolio Beta

Need help with this problem.

Your investment club has only two stocks in its portfolio. $25,000 is invested in a stock with a beta of 0.4, and $40,000 is invested in a stock with a beta of 2.3. What is the portfolio's beta? Round your answer to two decimal places.

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