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You have a portfolio with a beta of 1.62. What will be the new portfolio beta if you keep 93 percent of your money in

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You have a portfolio with a beta of 1.62. What will be the new portfolio beta if you keep 93 percent of your money in the old portfolio and 7 percent in a stock with a beta of 0 89? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) New portfolio beta

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