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Portfolio Beta You own $32,000 of City Steel stock that has a beta of 3.42. You also own $43,500 of Rent-N-Co (beta = 1.87) and

Portfolio Beta You own $32,000 of City Steel stock that has a beta of 3.42. You also own $43,500 of Rent-N-Co (beta = 1.87) and $21,700 of Lincoln Corporation (beta = -.73). What is the beta of your portfolio?

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