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3. 100 points You have a portfolio with a beta of 1.67. What will be the new portfolio beta if you keep 93 percent of

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3. 100 points You have a portfolio with a beta of 1.67. What will be the new portfolio beta if you keep 93 percent of your money in the old portfolio and 7 percent in a stock with a beta of 0.76? (Do not round intermediate calculation and round your answer to 2 decimal places.) New portfolio beta

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