number 20

20) You hold a diversified portfolio consisting of a number of different common stocks each stock value is $15,000. The portfolio beta is equal to 1.5. You have decided to sell one of your stocks that has a beta equal to 1.85 for $15,000. You plan to use the proceeds to purchase another stock that has a beta equal to 0.85. Then the portfolio new beta is 1.43333. Then how much is the total number of common stocks that you approximately have in your portfolio? * OA) 22 shares OB) 20 shares O C) 15 shares O D) 10 shares O E) None of the above