Question: The following data is given: Security $ Invested Beta 1 $9,000 0.7 2 $5,000 0.9 3 $8,000 1.2 What is the portfolio beta? (Show your
The following data is given:
Security
$ Invested
Beta
1
$9,000
0.7
2
$5,000
0.9
3
$8,000
1.2
What is the portfolio beta?(Show your work.Four decimal places required.Highlight or bold your answer.)
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