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Jayden Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.350. Stock Investment Beta A $50,000 1.80 B $50,000 1.60

Jayden Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.350. Stock Investment Beta A $50,000 1.80 B $50,000 1.60 C $50,000 1.50 D $50,000 0.50 Total $200,000 If Jayden replaces Stock A with another stock, E, which has a beta of 0.85, what will the portfolio's new beta be? Do not round your intermediate calculations.

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