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Jenna holds a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. Jenna plans to sell a

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Jenna holds a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. Jenna plans to sell a stock with b =0.90 and use the proceeds to buy a new stock with b = 2.80. What will the portfolio's new beta be? O 1.224 1.286 O 1.165 1.194 1.22

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