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Portfolio Beta You own $20,000 of City Steel stock that has a beta of 3.30. You also own $37,500 of Rent-N-Co (beta = 1.75) and

Portfolio Beta You own $20,000 of City Steel stock that has a beta of 3.30. You also own $37,500 of Rent-N-Co (beta = 1.75) and $20,500 of Lincoln Corporation (beta = -.85). What is the beta of your portfolio? 1.46 4.20 4.91 1.00

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