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Suppose you have a portfolio that has $280 in stock A with a beta of 1.03,$1,120 in stock B with a beta of 1.33 ,
Suppose you have a portfolio that has $280 in stock A with a beta of 1.03,$1,120 in stock B with a beta of 1.33 , and $840 in the riskfree asset. You have another $560 to invest. You wish to achieve a beta for your whole portfolio to be the same as the market beta. What is the beta of the added security? (Round intermediate calculations and the final answer to 3 decimal places, e.g. 2.361. )
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