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Investments in security A with a beta of 1.6 and in security B with a...

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Accounting

Investments in security A with a beta of 1.6 and in security B with a beta of 0.7 was made on a 50:50 basis. The portfolio beta is ?

a. 0.36

b. 1.08

c. 1.40

d. 1.15

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