An individual has $45,000 invested in a stock with a beta of 0.7 and another $50,000 invested in a stock with a beta of

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answerhappygod
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An individual has $45,000 invested in a stock with a beta of 0.7 and another $50,000 invested in a stock with a beta of

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An individual has $45,000 invested in a stock with a beta of 0.7and another $50,000 invested in a stock with a beta of 1.7. Ifthese are the only two investments in her portfolio, what is herportfolio's beta? Do not round intermediate calculations. Roundyour answer to two decimal places.
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