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78. Your retirement fund has a $7,500 invstmnt in each of 20 different common stocks. The beta of the portfolio is 1.45. If you sell

78.

Your retirement fund has a $7,500 invstmnt in each of 20 different common stocks. The beta of the portfolio is 1.45. If you sell one stock with a beta of 1.0 for $7,500 and use the proceeds to buy another stock whose beta is 1.95. What is your portfolio's new beta. Round to two decimal

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