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Please help! You hold 13 stocks in your portfolio. Each stock has the same weight. The portfolio beta is 1.13. If you sell one stock

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You hold 13 stocks in your portfolio. Each stock has the same weight. The portfolio beta is 1.13. If you sell one stock which has a beta of 1.20 and invest the proceeds in a new stock which has a beta of 1.1. What is the new portfolio beta?

The beta for the new portfolio will be:

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