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Your portfolio contains 3 equally weighted stocks with betas of 0.7,1.18, and 1.45 . You want to add a fourth stock so that the portfolio

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Your portfolio contains 3 equally weighted stocks with betas of 0.7,1.18, and 1.45 . You want to add a fourth stock so that the portfolio beta will be 1.21. (Your new portfolio will be equally weighted among all assets). What will the beta of the fourth stock need to be? Enter your answer as a number rounded to 2 decimal places. (An answer of 2.345 would be entered as 2.35)

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