Question: Keep the Highest 14. Problem 8.14 (Portfolio Beta) eBook Problem Walk-Through Suppose you held a diversified portfolio consisting of a $7,500 investment in each of

Keep the Highest 14. Problem 8.14 (Portfolio Beta) eBook Problem Walk-Through Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 0.81. Now tuppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7,500 and use the proceeds to buy another stock with a beta of 0.03. What would your portfolo's new beta be? Do not found intermediate calculations, Round your answer to two decimal places

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