Question
Your retirement fund consists of a $ 5,000 investment in each of 15 different common stocks. The portfolio's beta is 1.20. Suppose you sell one
Your retirement fund consists of a $ 5,000 investment in each of 15 different common stocks. The portfolio's beta is 1.20. Suppose you sell one of the stocks with a beta of 0.8 for $ 5,000 and use the proceeds to buy another stock whose beta is 1.6.Calculate your portfolio's new beta. I need the complete work with formulas.
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
