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Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0. Stock Investment Beta A $ 50,000 0.50 B 50,000...
Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.875.
Stock Investment Beta
A $ 50,000 0.50
B 50,000 0.80
C 50,000 1.00
D 50,000 1.20
Total $200,000
If Jill replaces Stock A with another stock, E, which has a beta of 1.50, what will the portfolio's new beta be?
