Question

Essentials of Corporate Finance please help asap, thank you! 11

You own a stock portfolio invested 23 percent in Stock Q, 22 percent in Stock R, 43 percent in Stock S, and 12 percent in Stock T. The betas for these four stocks are0.87, 0.93, 1.33, and 1.78, respectively.

Required:
What is the portfolio beta? (Round your answer to 2 decimal places (e.g., 32.16).)

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