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Please show your work Suppose you have a diversified portfolio consisting of $10,000 investment in each of 10 different stocks. The portfolio's beta is 1.12

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Please show your work

Suppose you have a diversified portfolio consisting of $10,000 investment in each of 10 different stocks. The portfolio's beta is 1.12 . You are considering selling $10,000 worth of one stock with a beta of 1.0 and using the proceeds to buy another stock with a beta of 1.14. What is the new beta of portfolio after these transactions

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