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Question 11 (1 point) Suppose you held a diversified portfolio consisting of a $1,000 investment in each of 10 different common stocks. The portfolio's beta

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Question 11 (1 point) Suppose you held a diversified portfolio consisting of a $1,000 investment in each of 10 different common stocks. The portfolio's beta is 1.60. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 4.50 for $1,000 and use the proceeds to buy another stock with a beta of 1.00. What would your portfolio's new beta be? 1.9500 1.2500 1.0000 -1.9000

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