Your retirement fund consists of a 5000 investment in each


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.

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Financial Management: Your retirement fund consists of a 5000 investment in each
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