You form a portfolio that includes three stocks: $15,000 in stock Alpha which had a...

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Finance

You form a portfolio that includes three stocks:

$15,000 in stock Alpha which had a return of 6% and beta of 1.3

$50,000 in stock Gamma which had a return of 8% and beta of 0.7

$35,000 in stock Omega which had a return of 10% and beta of 2.0

Find portfolio beta. (Provide your solution as a decimal with two digits of accuracy.)

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