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The Biggle Investment Fund has a total investment of $450 million in five stocks. What is the fund's overall, or weighted average, beta? Stock Investment

The Biggle Investment Fund has a total investment of $450 million in five stocks. What is the fund's overall, or weighted average, beta?

Stock Investment (millions) Beta

1 $130 0.4

2 110 1.5

3 70 3.0

4 90 2.0

5 50 1.0

Total $450mi

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