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Your portfolio contains Stocks X and Y with the following dollar amount of investments: Stock X Y Investment $5,000 $15,000 The portfolio has a beta

Your portfolio contains Stocks X and Y with the following dollar amount of investments:

Stock X Y

Investment $5,000 $15,000

The portfolio has a beta of 1.2. If you add Stock Z into your portfolio with an investment of $10,000, what is the beta of your new portfolio if Stock Z has a beta equal to 3?

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