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You hold a portfolio beta that has an expected return of 10.85% and a beta od 1.4. You are in the process of buying 1,000

You hold a portfolio beta that has an expected return of 10.85% and a beta od 1.4. You are in the process of buying 1,000 shares of ABC corporation at $10 a share and adding it to your portfolio. ABC corporation has an expected return of 21.5% and a beta of 1.7. The total value of your current portfolio is $90,000. What will be the expected return and beta on the portfolio after the purchase of ABC stock?

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