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please show written step by step Assume that you are an investment manager at BrownRock and managing a $4 million dollar stock account. Currently, the
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Assume that you are an investment manager at BrownRock and managing a $4 million dollar stock account. Currently, the stock account has a beta of 1.0. Assume that the risk free return rate is 4.25 percent and the expected stock market return is 6 percent. Now, assume that the stock account is expected to have an additional $6 million new fund inflow, and assume that you plan to invest the additional $6 million into a new stock XYZ. After that, if you hope that the stock account has an overall expected return of 13 percent, the how much should be XYZ's beta Step by Step Solution
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