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Suppose you hold a diversified portfolio consisting of a $8,424 invested equally in each of 10 different common stocks. The portfolio's beta is 1.32. Now

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Suppose you hold a diversified portfolio consisting of a $8,424 invested equally in each of 10 different common stocks. The portfolio's beta is 1.32. Now suppose you decided to sell one of your stocks that has a beta of 0.9 and to use the proceeds to buy a replacement stock with a beta of 1.7. What would the portfolio's new beta be? O 1.5 O 1.4 O 1.1 O 1.2 1.3

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