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Ball Johnson manages a diversified portfolio consisting of a $12.214 investment in each of 22 different contmon stocks. The portfolio's beta is 149. Now suppose

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Ball Johnson manages a diversified portfolio consisting of a $12.214 investment in each of 22 different contmon stocks. The portfolio's beta is 149. Now suppose tam decided to sell one of the stocks in the portfolio with a beta or 0.89 for $12.214 and use the proceeds to buy another stock with a beta of 1,29 What would the portfolio's new beta be

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