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ALL 6. Problem 8.14 Click here to read the eBook: risk in a Portfolio Context: The CAPM Problem Walkthrough PORTFOLIO BETA Suppose you held a

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ALL 6. Problem 8.14 Click here to read the eBook: risk in a Portfolio Context: The CAPM Problem Walkthrough PORTFOLIO BETA Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 0.73. Now suppose you decided to sell one of the stocks in your portfolio with a bea of 1.0 for $7.500 and use the proceeds to buy another stock with a bea of 0.79. What would your portfolio's new beta be? Do not round intermediate calculations. Round your answer to two decimal places

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