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You have a portfolio with a beta of 1.08. What will be the new portfolio if you keep 88 percent of your money in the

You have a portfolio with a beta of 1.08. What will be the new portfolio if you keep 88 percent of your money in the old portfolio and 12 percent in a stock with a beta of 0.51? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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