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

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Tom Noel holds the following portfolio: Stock Investment Beta A $150,000 1.40 B $50,000 0.80 $100,000 1.00 D $75,000 1.20 Total $375,000 Tom plans to sell Stock A and replace it with Stock E, which has a beta of 0.60. By how much will the portfolio beta change? Do not round your intermediate calculations. 0 -0.378 -0.320 -0.275 -0.371 -0.342

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