A stock has a current price of $96.40, and is expected to pay a dividend next year of $1.60. Market professionals expect the stock to have a 5% growth rate. What is its required return? Show your work. You have an existing portfolio with a beta of 1.5 You add a new investment, with a beta of 1.0 Assuming the existing portfolio becomes 80% of the entire portfolio, what will be the beta of the new portfolio