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Portfolio Beta Your retirement fund consists of a $7,000 investment in each of 18 different common stocks. The portfolio's beta is 1.. Suppose you sell

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Portfolio Beta Your retirement fund consists of a $7,000 investment in each of 18 different common stocks. The portfolio's beta is 1.. Suppose you sell one of the stocks with a beta of 0.8 for $7,000 and use the proceeds to buy another stock whose betai 1.2. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places

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