Calculate your portfolio new beta

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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.

Reference no: EM131062992

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