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Nancy Jordan has an investment portfolio of 30 stocks with a total value of $125,000. The total portfolio has a beta of 1.4. She wants
Nancy Jordan has an investment portfolio of 30 stocks with a total value of $125,000. The total portfolio has a beta of 1.4. She wants to invest an inheritance of $20,000 into one stock with a beta of 0.7. After Nancy adds the new stock, what will be the portfolio's beta?
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