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Problem 10-11 Portfolio Beta (LG10-3) You have a portfolio with a beta of 1.35. What will be the new portfolio beta if you keep 85

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Problem 10-11 Portfolio Beta (LG10-3) You have a portfolio with a beta of 1.35. What will be the new portfolio beta if you keep 85 percent of your money in the old portfolio and 15 percent in a stock with a beta of 0.78? (Round your answer to 2 decimal places.) 36 New portfolio beta %

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