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Tom Noel holds the following portfolio: Stock Investment Beta $150,000 1.40 $50,000 0.80 $100,000 1.00 $75,000 1.20 Total $375,000 Tom plans to sell Stock A

Tom Noel holds the following portfolio: Stock Investment Beta $150,000 1.40 $50,000 0.80 $100,000 1.00 $75,000 1.20 Total $375,000 Tom plans to sell Stock A and replace it with Stock E, which has a beta of 0.83. By how much will the portfolio beta change? Do not round your intermediate calculations

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