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16. John currently has $150,000 invested in assorted stocks to create his portfolio. His current portfolio has a beta of 1.75. He is considering investing
16. John currently has $150,000 invested in assorted stocks to create his portfolio. His current portfolio has a beta of 1.75. He is considering investing $15,000 in a new stock. The new stock has an expected return of 15%. Currently, treasury bills pay 5% and the 10-year average on the S&P 500 is 10.4%. What will be the beta of his portfolio if he does invest in this new stock? 
16. John currently has $150,000 invested in assorted stocks to create his portfolio. His current portfolio has a beta of 1.75 . He is considering investing $15,000 in a new stock. The new stock has an expected return of 15%. Currently, treasury bills pay 5% and the 10 -year average on the S\&P 500 is 10.4%. What will be the beta of his portfolio if he does invest in this new stock
16. John currently has $150,000 invested in assorted stocks to create his portfolio. His current portfolio has a beta of 1.75. He is considering investing $15,000 in a new stock. The new stock has an expected return of 15%. Currently, treasury bills pay 5% and the 10-year average on the S&P 500 is 10.4%. What will be the beta of his portfolio if he does invest in this new stock?
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