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Your portfolio contains Stocks X and Y with the following dollar amount of investments: Stock X Y Investment $8,000 $12,000 The portfolio has a beta

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

Stock

X

Y

Investment

$8,000

$12,000

The portfolio has a beta of 1.0. If you add Stock A into your portfolio with an investment of $20,000, what is the beta of your new portfolio? Stock A's beta is 2.0.

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