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An investor currently holds the following portfolio: 8 , 0 0 0 shares of Stock A , worth $ 1 7 , 0 0 0

An investor currently holds the following portfolio:
8,000 shares of Stock A, worth $17,000; Beta =1.1
15,000 shares of Stock B, worth $47,000; Beta =1.9
25,000 shares of Stock C, worth $97,000; Beta =2.3
The investor is worried that the beta of his portfolio is too high, so he wants to sell some stock C and add stock D, which has a beta of 1.0, to his portfolio.
If the investor wants his portfolio to have a beta of 1.70, he must replace $ 000 stock C with stock D.
Note: Enter the first two digits of your answers. The thousands are already in the answer.

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