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What is the beta of the portfolio with the investment composition shown below? Stock Value of Investment Beta Exxon $ 30,000 1.1 Microsoft $ 20,000

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

Stock Value of Investment Beta

Exxon $ 30,000 1.1

Microsoft $ 20,000 0.9

Citigroup $ 40,000 2.1

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

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