Bill Dukes has $100,000 invested in a 2-stock portfolio.$62,500 is invested in Stock X and the remainder is invested in Stock Y.X's beta is 1.50 and Y's beta is 0.70.What is the portfolio's beta? Do not round your intermediate calculations.Round the final answer to 2 decimal places.
A) 1.14
B) 0.90
C) 1.44
D) 1.20
E) 1.56

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Bill Dukes Has $100,000 Invested in a 2-Stock Portfolio