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Your retirement fund consists of a $6,000 investment in each of 19 different common stocks. The portfolio's beta is 1.7. Suppose you sell one of

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Your retirement fund consists of a $6,000 investment in each of 19 different common stocks. The portfolio's beta is 1.7. 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 2.0. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places

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