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What is the beta of the portfolio with the investment composition shown below? Stock Value of Investment Beta Exxon $20,000 0.8 Microsoft $30,000 0.9 Citigroup

What is the beta of the portfolio with the investment composition shown below?

Stock

Value of Investment

Beta

Exxon

$20,000

0.8

Microsoft

$30,000

0.9

Citigroup

$80,000

2.2

The beta of the portfolio is ____. (Round to two decimal places.)

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