Question: 7. Problem 8.14 (Portfolio Beta) ebook M Problem Walk-Through Suppose you held diversified portfolio consisting of a 37,500 investment in each of 20 afferent common

 7. Problem 8.14 (Portfolio Beta) ebook M Problem Walk-Through Suppose you

7. Problem 8.14 (Portfolio Beta) ebook M Problem Walk-Through Suppose you held diversified portfolio consisting of a 37,500 investment in each of 20 afferent common stocks. The portfolio bets is 0.75. Now suppose you decided to sell one of the stocks in your portfolio with a bete of 1.0 for $7,500 and use the proceeds to buy another stock with a beta of 2.10. What would your portfolio's new beta be? Do not round Intermediate calculations. Round your answer to two decimal places

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