Question: Question 29 X Your answer is incorrect. Try again. Suppose you have a portfolio that has $120 in stock A with a beta of 0.87,

Question 29 X Your answer is incorrect. Try again. Suppose you

Question 29 X Your answer is incorrect. Try again. Suppose you have a portfolio that has $120 in stock A with a beta of 0.87, $480 in stock B with a beta of 1.17, and $360 in the risk-free asset. You have another $240 to invest. You wish to achieve a beta for your whole portfolio to be the same as the market beta. What is the beta of the added security? (Round intermediate calculations and the final answer to 3 decimal places, e.g. 2.361.) Beta 2.23

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