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Portfolio Beta You own $17,000 of City Steel stock that has a beta of 3.27. You also own $36,000 of Rent-N-Co (beta = 1.72) and

Portfolio Beta You own $17,000 of City Steel stock that has a beta of 3.27. You also own $36,000 of Rent-N-Co (beta = 1.72) and $20,200 of Lincoln Corporation (beta = -.88). What is the beta of your portfolio?

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