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Business, 31.10.2019 06:31 nicolescaggs

Jenna holds a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. the portfolio's beta is 1.12. jenna plans to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.80. what will the portfolio's new beta be? a. 1.286b. 1.255c. 1.224d. 1.194e. 1.165

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