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Portfolio Beta You own $34,600 of City Steel stock that has a beta of 3.40. You also own $44,500 of Rent-N-Co (beta = 1.89) and

Portfolio Beta You own $34,600 of City Steel stock that has a beta of 3.40. You also own $44,500 of Rent-N-Co (beta = 1.89) and $21,900 of Lincoln Corporation (beta = -.71). What is the beta of your portfolio?

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