(Answered) Problemyou own 6384 of olympic steel stock that has a beta

Accounting

Problem

You own $6,384 of Olympic Steel stock that has a beta of 2.98. You also own $12,768 of Rent-a-Center (beta = 1.47) and $14,448 of Lincoln Educational (beta = 0.68).

What is the beta of your portfolio? (Do not round intermediate calculation and round your answer to 2 decimal places.)

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