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you hold a diversified portfolio consisting of a $5000 investment in each of 20 different common stocks ( 100,000 total invested). the portfolio beta is

you hold a diversified portfolio consisting of a $5000 investment in each of 20 different common stocks ( 100,000 total invested). the portfolio beta is equal to 1.15. you have decided to sell one of your stocks, a stock whose beta is equal to 2, for $5000 net and to use the proceeds to buy $5000 of stock in a company whose beta is equal to 0.
what is the net beta of the portfolio?

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