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You own a stock portfolio invested 32 percent in Stock Q, 22 percent in Stock R, 19 percent in Stock S, and 27 percent in

You own a stock portfolio invested 32 percent in Stock Q, 22 percent in Stock R, 19 percent in Stock S, and 27 percent in Stock T. The betas for these four stocks are 1.17, 1.08, 1.55, and 1.24, respectively. What is the portfolio beta? Enter the answer with 4 decimals (e.g. 1.1234)

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