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Portfolio Beta Your investment club has only two stocks in its portfolio. $20,000 is invested in a stock with a beta of 0.7, and $30,000
Portfolio Beta Your investment club has only two stocks in its portfolio. $20,000 is invested in a stock with a beta of 0.7, and $30,000 is invested in a stock with a beta of 2.5. What is the portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places.
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