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As a mutual fund manager, you are managing a $ 1 million mutual fund which reports a 1 . 6 beta and a 1 4

As a mutual fund manager, you are managing a $1 million mutual fund which reports a 1.6 beta and a 14% return. The current risk-free rate is 6%. If an investor invests additional $200,000 in your fund and you use the money to purchase a stock that has a 0.6 beta and a 9% return, what is the beta of your new $1.2 million fund?
A.1.38
B.1.26
C.1.71
D.1.43
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