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Portfolio Beta You own $26,000 of City Steel stock that has a beta of 3.36. You also own $40,500 of Rent-N-Co (beta = 1.81) and

Portfolio BetaYou own $26,000 of City Steel stock that has a beta of 3.36. You also own $40,500 of Rent-N-Co (beta = 1.81) and $21,100 of Lincoln Corporation (beta = -.79). What is the beta of your portfolio?

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