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Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.08. Stock Investment Beta A $40,000 0.70 . B $30,000

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Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.08. Stock Investment Beta A $40,000 0.70 . B $30,000 0.90 $70,000 1.10 D S60,000 1.40 Total $200,000 If Jill replaces Stock A with another stock, E, which has a beta of 1.45, what will tre portfolio's new beta be? Do not round your intermediate calculations. 1.23 1.48 1.02 1.11 0.83

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