Question
your retirement fund consists of a $15,000 investment in each of 6 different common stocks. The portfolio's beta is 0.90. Suppose you buy another stock
your retirement fund consists of a $15,000 investment in each of 6 different common stocks. The portfolio's beta is 0.90. Suppose you buy another stock worth $15,000 whose beta is 1.10. Calculate your portfolio's new beta.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
