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Problem 10-12 Portfolio Beta (LG10-3) You have a portfolio with a beta of 1.65. What will be the new portfolio beta if you keep 91

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Problem 10-12 Portfolio Beta (LG10-3) You have a portfolio with a beta of 1.65. What will be the new portfolio beta if you keep 91 percent of your money in the old portfolio and 9 percent in a stock with a beta of 0.70? (Round your answer to 2 decimal places.) New portfolio bota %

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