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Suppose you hold a diversified portfolio consisting of a $10,684 invested equally in each of 5 different common stocks. The portfolio's beta is 1.14. Now

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Suppose you hold a diversified portfolio consisting of a $10,684 invested equally in each of 5 different common stocks. The portfolio's beta is 1.14. Now suppose you decided to sell one of your stocks that has a beta of 1.4 and to use the proceeds to buy a replacement stock with a beta of 1.2. What would the portfolio's new beta be? O 0.9 O 1.1 O 0.7 O 1.3 O 1.5

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