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You hold a diversified portfolio consisting of a $14,826 invested in each of 10 different common stocks. The portfolio beta is equal to 1.38.
You hold a diversified portfolio consisting of a $14,826 invested in each of 10 different common stocks. The portfolio beta is equal to 1.38. You have decided to sell one of your stocks that has a beta equal to 1.5 for $14,826. You plan to use the proceeds to purchase another stock that has a beta equal to 0.6. What will be the beta of the new portfolio? O 1.29 O 1.39 O 1.09 O 1.19 O 1.49
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