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You hold 8 stocks in your portfolio. Each stock has the same weight. The portfolio beta is 1.21. If you sell one stock which has

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You hold 8 stocks in your portfolio. Each stock has the same weight. The portfolio beta is 1.21. If you sell one stock which has a beta of 0.95 and invest the proceeds in the risk-free asset. What will be your new portfolio beta? a (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The beta for the new portfolio will be

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