Question: PLEASE SHOW ALL WORK FOR A THUMBS UP 2. A portfolio manager is managing a portfolio of an investor. The investor holds the following stocks:

PLEASE SHOW ALL WORK FOR A THUMBS UPPLEASE SHOW ALL WORK FOR A THUMBS UP 2. A portfolio manager

2. A portfolio manager is managing a portfolio of an investor. The investor holds the following stocks: Stock Investment Beta A$ 2,000,000 0.80 B 5,000,000 1.10 C 3,000,000 1.40 D 5,000,000 x The portfolio's required rate of return is 17 percent. The risk-free rate is 7 percent and return on market is 14 percent. What is the stock D's estimated beta? (2 points)

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