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You have a portfolio with two stocks with 50% in stock X and 50% in stock Y. The beta of stock X is 0.7. The
You have a portfolio with two stocks with 50% in stock X and 50% in stock Y. The beta of stock X is 0.7. The overall portfolio is equally as risky as the market. What must be the beta for stock Y?
(Round your answer to 2 decimal places, e.g., 32.16.)
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