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QUESTION 16 Suppose you hold a portfolio consisting of a $50,000 investment in each of 8 different common stocks. The portfolio's beta is 1.25. Now

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QUESTION 16 Suppose you hold a portfolio consisting of a $50,000 investment in each of 8 different common stocks. The portfolio's beta is 1.25. Now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. What would the portfolio's new beta be? O 1.17 O 1.23 01.29 O 1.32

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