Question 14 (5 points) Saved You hold a diversified portfolio consisting of an equal investment in each of 24 different common stocks. The portfolio beta is equal to 1.77. You have decided to sell all shares of one of your stocks. The stock you are selling has a beta of 2.70. YOL plan to use the proceeds to purchase another stock that has a beta equal to 0.60. What will be the beta of the new portfolio? 2.70 1.77 0.60 1.68 1.86 Question 15 (5 points) What is the expected return for the following stock? (State your answer in percent with one decimal place.)