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You have a portfolio with a beta of 1.42. What will be the new portfolio beta if you keep 94 percent of your money in

You have a portfolio with a beta of 1.42. What will be the new portfolio beta if you keep 94 percent of your money in the old portfolio and 6 percent in a stock with a beta of 0.55? (Do not round intermediate calculation and round your answer to 2 decimal places.)

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