Question: Please use Excel to solve this question with steps. Thanks. 2. 10 points - Portfolio Beta Suppose you held a diversified portfolio consisting of $5,000

Please use Excel to solve this question with steps. Thanks.Please use Excel to solve this question with steps. Thanks. 2. 10

2. 10 points - Portfolio Beta Suppose you held a diversified portfolio consisting of $5,000 investment in each of 10 different common stocks. The portfolio's beta is 1.15. Now suppose that you decided to sell one of the stocks in your portfolio with a beta equals to 1.0 for $5,000 and use the proceeds to buy another stock with a beta of 0.85. What would your portfolio's new beta be

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