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Your portfolio is contains $11,845 invested in a mutual fund with a beta of 1.3, and $4,740 invested in an ETF with a beta of

Your portfolio is contains $11,845 invested in a mutual fund with a beta of 1.3, and $4,740 invested in an ETF with a beta of 0.8. You want to re-balance your portfolio so that it will have an overall beta of 0.8. You plan on selling shares of one asset to buy shares of the other. How many shares of the mutual fund will need to sell (or buy) to achieve your goal? The ETF is trading at $16.40 and the mutual fund is trading at $7.80. Write your answer as positive if you are buying shares of the mutual fund, and write it as negative if you are selling the shares of the fund. Round your answer to one decimal place. Answer:(1,518.6)

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