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Portfolio Beta Your investment club has only two stocks in its portfolio. $ 1 5 , 0 0 0 is invested in a stock with

Portfolio Beta
Your investment club has only two stocks in its portfolio. $15,000 is invested in a stock with a beta of 0.7, and $45,000 is invested in a stock with a beta of 1.4. What is the portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places.

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