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You have a diversified portfolio consisting of $5000 investment in each of 20 different stocks. Portfolio beta is 1.15. You have decided to sell a

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You have a diversified portfolio consisting of $5000 investment in each of 20 different stocks. Portfolio beta is 1.15. You have decided to sell a stock with beta 1.5 and use the proceeds to buy a new stock with beta 2.0. What is the new beta of the portfolio

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