Question: Question 9 4 Points Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 10 different common stocks. The portfolio's

Question 9 4 Points Suppose you held a diversified portfolio consisting of

Question 9 4 Points Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 10 different common stocks. The portfolio's beta is 2.86. Now suppose 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 2.23. What would your portfolio's new beta be? Blank 1 Do not round intermediate calculations. Round your answer to two decimal places. Blank 1 Add your answer

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