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Your retirement fund consists of a $15,000 investment in each of 6 different common stocks. The portfolios beta is 0.90. Suppose you sell a stock

Your retirement fund consists of a $15,000 investment in each of 6 different common stocks. The portfolios beta is 0.90. Suppose you sell a stock worth $15,000 whose beta is 1.10. Calculate your portfolios new beta.

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