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Jensen currently has $80,000 invested in assorted stocks to create his portfolio. His current portfolio has a beta of 1.04. He is considering investing $12,000

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Jensen currently has $80,000 invested in assorted stocks to create his portfolio. His current portfolio has a beta of 1.04. He is considering investing $12,000 in a new stock. If he does, his new portfolio beta will be 1.29. What is the beta of the stock he is considering? 2.96 0.88 1.85 2.09

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