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Question 6.9 Your retirement fund consist of a $5000 investment in each of 15 different common stocks. The portfolio's beta is 1.20. Suppose you sell

Question 6.9 Your retirement fund consist of a $5000 investment in each of 15 different common stocks. The portfolio's beta is 1.20. Suppose you sell one of the stocks with a beta of 0.8 for $5000 and use the proceeds to buy another stock whose beta is 1.6. Calculate your portfolio's new beta.

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