Your investment club has only two stocks in its portfolio. $20,000 is invested in a stock with a beta of .7, and $35,000 is invested in a stockwith a…

Your investment club has only two stocks in its portfolio. $20,000 is invested in a stock with a beta of .7, and $35,000 is invested in a stockwith a beta of 1.3. What is the portfolio’s beta?

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