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A portfolio has 3 stocks, A, B and C. The beta of stock A is 1.8, of B is 2.3 and C is 0.
A portfolio has 3 stocks, A, B and C. The beta of stock A is 1.8, of B is 2.3 and C is 0.2. The total value of stocks in the portfolio is $150,000, of which the value of A is $60,000, of B is $75,000 and C is $15,000.
What is the beta of the portfolio?