Question
Your retirement fund consists of a $6,000 investment in each of 19 different common stocks. The portfolio's beta is 1.8. Suppose you sell one of
Your retirement fund consists of a $6,000 investment in each of 19 different common stocks. The portfolio's beta is 1.8. Suppose you sell one of the stocks with a beta of 0.8 for $6,000 and use the proceeds to buy another stock whose beta is 1.2. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places.
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
