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You form a portfolio of stocks. Jerry Stock has a beta of 1.6, Bob Stock has a beta of 1.7, and Phil Stock has a
You form a portfolio of stocks. Jerry Stock has a beta of 1.6, Bob Stock has a beta of 1.7, and Phil Stock has a beta of 1.8. If 30% of your portfolio is invested in Jerry Stock, and 23\% 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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