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You have a portfolio with a beta of 1.51. What will be the new portfolio beta if you keep 93 percent of your money in

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You have a portfolio with a beta of 1.51. What will be the new portfolio beta if you keep 93 percent of your money in the old portfolio and 7 percent in a stock with a beta of 0.88? (Do not round Intermediate calculation and round your answer to 2 decimal places.) New portfolio beta Suppose Paccar's current stock price is $95.47 and it is likely to pay a $2.79 dividend next year. Since analysts estimate Paccar will have an 9.5 percent growth rate, what is its required return? (Round your answer to 2 decimal places.) Required return %

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