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William Noel holds the following portfolio: Stock Investment Beta A $136,500 1.40 B $84,000 0.80 C $80,500 1.00 D $49,000 1.20 Total $350,000 William plans

William Noel holds the following portfolio: Stock Investment Beta A $136,500 1.40 B $84,000 0.80 C $80,500 1.00 D $49,000 1.20 Total $350,000 William plans to sell Stock A and replace it with Stock E, which has a beta of 0.80. By how much will the portfolio beta change? Do not round your intermediate calculations. a. -0.150 b. -0.312 c. -0.200 d. -0.058 e. -0.234

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