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Problem 10-12 Portfolio Beta (LG10-3) You have a portfolio with a beta of 1.24. What will be the new portfolio beta if you keep 86

Problem 10-12 Portfolio Beta (LG10-3)

You have a portfolio with a beta of 1.24. What will be the new portfolio beta if you keep 86 percent of your money in the old portfolio and 14 percent in a stock with a beta of 0.63? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

New portfolio beta

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