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Homework-6 7) Suppose Ms. Heiress has a Portfolio Q made up of $2.8 million invested in Endicott Energy stock, and $1.2 million invested in Tyson

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Homework-6 7) Suppose Ms. Heiress has a Portfolio Q made up of $2.8 million invested in Endicott Energy stock, and $1.2 million invested in Tyson Foods. Portfolio Q has a beta of 1.47. Ms. Heiress wants to sell the stock of Tyson Foods which has a beta of 0.93, and replace it with the stock of Phillip Morris which has a beta of 1.15, without altering the investment weights. What will be the new beta of Portfolio Q after this transaction

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