Question: Walter Jasper currently manages a $ 5 0 0 , 0 0 0 portfolio. He is expecting to receive an additional $ 2 0 0
Walter Jasper currently manages a $ portfolio. He is expecting to receive an additional $ from a new client. The existing portfolio has a required return of The riskfree rate is and the return on the market is If Walter wants the required return on the new portfolio to be what should be the average beta for the new stocks added to the portfolio? Enter the answer in and round the final answer to two decimals
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