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3. Assume that you hold a well-diversified portfolio that has an expected return of 10.0% and a beta of 1.20. You are in the process

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3. Assume that you hold a well-diversified portfolio that has an expected return of 10.0% and a beta of 1.20. You are in the process of buying 1,000 shares of Bridge Corp at $10 a share and adding it to your portfolio. Bridge Corp has an expected return of 21.5% and a beta of 1.70 . The total value of your current portfolio is $100,000. What will the expected return and beta on the portfolio be after the purchase of the Bridge stock? Do not round your intermediate calculations

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