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An investor in a diversified portfolio consisting of $7,500 investment in 20 different stocks. The portfolio beta is 1.12. Suppose that the investor sells one

An investor in a diversified portfolio consisting of $7,500 investment in 20 different stocks. The portfolio beta is 1.12. Suppose that the investor sells one of the stocks in the portfolio with a beta of 1.0 and buys another stock for $7,5000 that has a beta of 1.75. What the portfolios new beta.

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