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47. Portfolio Beta You own $1,600 of City Steel stock that has a beta of...

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Accounting

47. Portfolio Beta You own $1,600 of City Steel stock that has a beta of 1.63. You also own $6,300 of Rent-N-Co (beta = 1.93) and $5,300 of Lincoln Corporation (beta = 1.03). What is the beta of your portfolio (closest to)? 4.59 1.53 1.00 3.24

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