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8-15 La'Shawn currently has $250,000 invested in a four-stock portfolio with a beta coefficient equal to 1.2. La'Shawn plans to sell one of the stocks

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8-15 La'Shawn currently has $250,000 invested in a four-stock portfolio with a beta coefficient equal to 1.2. La'Shawn plans to sell one of the stocks in his portfolio for $50,000, which will decrease the portfolio's beta to 1.0. What is the beta coefficient of the stock La'Shawn plans to sell? (LO 8-3)

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