Virginia Tech FIN FIN 5654 You have a $100,000 portfolio consisting only of Facebook, Netflix,…
You have a $100,000 portfolio consisting only of Facebook, Netflix, and Tesla stocks. You put $35,000 in Facebook, $25,000 in Netflix, and the rest in Tesla. Their respective betas are 1.23, 1.56, and 0.89. What is the portfolio beta?
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