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You form a portfolio of stocks. Jerry Stock has a beta of 1.4, Bob Stock has a beta of 1.4, and Phil Stock has a

You form a portfolio of stocks. Jerry Stock has a beta of 1.4, Bob Stock has a beta of 1.4, and Phil Stock has a beta of 1.5. If 20% of your portfolio is invested in Jerry Stock, and 35% of your stock is invested in Bob Stock, what is your portfolio beta?

(Enter your response to two decimal places ex: 1.23)

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