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QUESTION 16 What should be the beta of a replacement stock if an investor wishes to achieve a portfolio beta of 1.0 by replacing stock

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QUESTION 16 What should be the beta of a replacement stock if an investor wishes to achieve a portfolio beta of 1.0 by replacing stock Cin the following equally weighted portfolio: stock A = 9 beta; stock B = 1.1 beta; stock C = 1.35 beta? A. 0.93 B. 1.00 C. 1.08 D. 1.15 E. none of the above

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