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Suppose you hold a diversified portfolio worth $500,000 with 20 stocks. The beta of the portfolio is 1.3. Now you sold stock A worth $40,000

Suppose you hold a diversified portfolio worth $500,000 with 20 stocks. The beta of the portfolio is 1.3. Now you sold stock A worth $40,000 whose beta is 0.6, and bought stock Z worth $90,000 whose beta is 1.7. What is the beta of the new portfolio?

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