--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir

Jane holds three stocks in her portfolio: L, M, and O. The portfolio beta is 1.40. Stock L comprises 15 percent of the dollar value of her holdings and has a beta of 1.0. If Jane sells all of her investment in L and invests the proceeds in the risk-free asset, her new portfolio beta will be Choose