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Portfolio Beta You own $1,000 of City Steel stock that has a beta of 1.50. You also own $5,000 of Rent-N-Co (beta = 1.80) and

Portfolio BetaYou own $1,000 of City Steel stock that has a beta of 1.50. You also own $5,000 of Rent-N-Co (beta = 1.80) and $4,000 of Lincoln Corporation (beta = .90). What is the beta of your portfolio (closest to)?

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