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Question 9 (1 point) Suppose you held a diversified portfolio consisting of a $3,500 investment in each of 10 different common stocks. The portfolio's beta

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Question 9 (1 point) Suppose you held a diversified portfolio consisting of a $3,500 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 1.30 for $3,500 and use the proceeds to buy another stock with a beta of 2.50. What would your portfolio's new beta be? 1.72 1.69 1.66 1.63

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