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You have a $2.5 million size portfolio. The portfolio has a beta of 1.2. You are considering selling $500,000 worth of one stock with a

You have a $2.5 million size portfolio. The portfolio has a beta of 1.2. You are considering selling $500,000 worth of one stock with a beta of 0.8 and using the proceeds to purchase another stock with beta of 1.6. What will the portfolios new beta be after these transactions? Group of answer choices 1.24 1.36 1.32 1.45 1.38

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