Question: Search this course ter 2&3 ssignment: Chapter 2 & 3 Assignment Score: 25.00% Save Submit Assignment for Grading uestions Problem 2-09 Portfolio Beta) Question 5

 Search this course ter 2&3 ssignment: Chapter 2 & 3 Assignment

Search this course ter 2&3 ssignment: Chapter 2 & 3 Assignment Score: 25.00% Save Submit Assignment for Grading uestions Problem 2-09 Portfolio Beta) Question 5 of 8 Check My Work eBook 1 Problem Walk-Through O Portfolio Beta O O Your retirement fund consists of a $7,000 investment in each of 18 different common stocks. The portfolio's beta is 2.0. Suppose you sell one of the stocks with a beta of 0.8 for $7,000 and use the proceeds to buy another stock whose beta is 1.5. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places. Check My Work 12:18 AM 02/10/20

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