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Rick Kish has a $100,000 stock portfolio. Thirty-two thousand dollars is invested in a stock...

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Rick Kish has a $100,000 stock portfolio. Thirty-two thousand dollars is invested in a stock with a beta of 0.75 and the remainder is invested in a stock with a beta of 1.38 . These are the only two investments in his portfolio. What is his portfolio's beta? a. 1.30 b. 1.18 c. 1.36 d. 1.24

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