0 . You invest (i) in the market portfolio and (ii) the stock of a company run by your favorite celebrity, which has a beta of 1.5. Your total portfolio beta from investing in these two assets is 1.3. After a celebrity scandal, you decide to sell your holding in the celebrity's firm and take those funds and invest them in the risk free asset. What is the beta of your new portfolio? A. 0.2 B. 0.4 C. 0.6 D. 0.8 E. 1.0 Answer: B