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You are planning to buy two stocks to create portfolio

Finance

You are planning to buy two stocks to create portfolio. One is the very-stable old-world company Proctor & Gamble (PG). Assume PG's beta equals 0.60. The other stock is high-flying new-world company Tesla (TSLA). Assume TSLA's beta equals 1.36. You will invest an equal amount of money in each stock. What is the beta of your planned portfolio?

pur-new-sol

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