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Portfolio Beta You own $1,500 of City Steel stock that has a beta of 1.61....

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Accounting

Portfolio Beta You own $1,500 of City Steel stock that has a beta of 1.61. You also own $6,100 of Rent-N-Co (beta = 1.91) and $5,100 of Lincoln Corporation (beta = 1.01). What is the beta of your portfolio (closest to)?

4.53

3.11

1.00

1.51

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