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7. Stock ABC has a beta of -1.5. You invest in 1,000 shares of stock ABC at a purchase price of $44 per share. The

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7. Stock ABC has a beta of -1.5. You invest in 1,000 shares of stock ABC at a purchase price of $44 per share. The market decreases by 20%. What direction would the market move in response to the market decline? How much with the new per share price be? How much would the total investment be? tt t

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