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Stock A has a standard deviation of 22% and a beta of 0.6. Stock B has a standard deviation of 12% and a beta of

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Stock A has a standard deviation of 22% and a beta of 0.6. Stock B has a standard deviation of 12% and a beta of 1.4. The correlation of returns between stocks A and B is 0.7. Your portfolio is invested 45% in stock A and 55% in stock B. What is the portfolio beta? (5 points)

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