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Steve currently has an investment portfolio that contains 4 stocks totaling $80,000 with a portfolio bet = 1.4. He is thinking of investing an additional
Steve currently has an investment portfolio that contains 4 stocks totaling $80,000 with a portfolio bet = 1.4. He is thinking of investing an additional $20,000 in a stock with a beta = 2.4. what will the portfolio beta be after he adds the stocks? Please show work to be rated.
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