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Show that the beta of a portfolio is the weighted average of the beta's of the portfolio's assets. Hint: Cov(aX+Y,Z)=aCox(X,Z)+Cov(Y,Z)

Show that the beta of a portfolio is the weighted average of the beta's of the portfolio's assets. Hint: Cov(aX+Y,Z)=aCox(X,Z)+Cov(Y,Z)

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