You currently own a portfolio valued at 52000 that has a


You currently own a portfolio valued at $52,000 that has a beta of 1.16. You have another $10,000 to invest and would like to invest it in a manner such that the portfolio beta decreases to 1.15. What does the beta of the new investment have to be?

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Financial Management: You currently own a portfolio valued at 52000 that has a
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