An individual has $25,000 invested in a stock with a beta of 0.6 and another $55,000 invested in a stock with a beta of 2.2 if these are the only 2 investments in her portfolio!, what is her portfolio's beta? Do not round intermediate calculations. Round 2 decimals places

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter2: Risk And Return: Part I
Section: Chapter Questions
Problem 1P: Your investment club has only two stocks in its portfolio. 20,000 is invested in a stock with a beta...
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2) An individual has $25,000 invested in a stock with a beta of 0.6 and another $55,000 invested in a stock with a beta of 2.2 if these are the only 2 investments in her portfolio!, what is her portfolio's beta? Do not round intermediate calculations. Round 2 decimals places

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