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Intro You have a portfolio worth $10,000 consisting of 10 stocks with $1,000 invested in each. The portfolio's beta is 0.62. You plan to sell

Intro You have a portfolio worth $10,000 consisting of 10 stocks with $1,000 invested in each. The portfolio's beta is 0.62. You plan to sell a stock with a beta of 0.48 and use the proceeds to buy a new stock with a beta of 1.8. Attempt 1/85 for 12 pts. Part 1 What will the beta of the new portfolio?

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