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3. You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12 . You plan to

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3. You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12 . You plan to sell a stock with b=0.90 and use the proceeds to buy a new stock with b=1.80. What will the portfolio's new beta be

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