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Can you please provide the explanation, formula and correct answer for the problem above? Thanks, Your portfolo contains Stocks X and Y with the followng

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Can you please provide the explanation, formula and correct answer for the problem above?

Thanks,

Your portfolo contains Stocks X and Y with the followng dollor amount of investments: The portiele has a beta of 12 . If you add Stock Z inte your pertfolo with an investment of $10,000, what is the beta of your new portfolio if Stock Z has a beta equal lo 3 ? Select cone a. 14 b 20 c. 16 d. 1.8

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