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Problem 8-2 Portfolio beta An individual has $25,000 invested in a stock with a beta of 0.4 and another $45,000 invested in a stock with
Problem 8-2 Portfolio beta
An individual has $25,000 invested in a stock with a beta of 0.4 and another $45,000 invested in a stock with a beta of 2.2. If these are the only two investments in her portfolio, what is her portfolio's beta? Round your answer to two decimal places.
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