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You hold a well-diversified portfolio that has an expected return of 10.0% and a beta of 1.50. You are in the process of buying 1,000

You hold a well-diversified portfolio that has an expected return of 10.0% and a beta of 1.50. You are in the process of buying 1,000 shares of a company stock at $10 a share and adding it to your portfolio. The new stock has an expected return of 14.0% and a beta of 1.8. The total value of your current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the new stock?

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