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Assume that you hold a well-diversified portfolio that has an expected return of 12.0% and a beta of 1.20. The total value of your

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Assume that you hold a well-diversified portfolio that has an expected return of 12.0% and a beta of 1.20. The total value of your current portfolio is $75,000. You are in the process of buying 2,500 shares of Lewis Corp at $10 a share and adding it to your existing portfolio. Lewis has an expected return of 16.0% and a beta of 1.30. What will the expected return and beta on the new portfolio be after the purchase of the Lewis stock? O 12.50%; 1.225 O 10.64%; 1.185 O 11.20%; 1.235 O 10.64%; 1.255 O 13.00%; 1.225

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