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40 - You hold a diversified portfolio consisting of $5000 investment in 20 different stocks. Portfolio beta is 1.15. You decided to sell one stock

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40 - You hold a diversified portfolio consisting of $5000 investment in 20 different stocks. Portfolio beta is 1.15. You decided to sell one stock with beta 1.0 and use the proceeds ($5000) to invest in another with beta 2.0. What is the new beta of the portfolio? 1.22 1.20 1.12 d) 1.10 1383180 e) 1.15 Bo brak

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