What will the portfolios new beta

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You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1.05. You are considering selling $100,000 worth of one stock with a beta of 1.15 and using the proceeds to purchase another stock with a beta of 1.35. What will the portfolio's new beta be after these transactions? Round your answer to two decimal places.

Reference no: EM13258355

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