7 You hold a diversified portfolio consisting of a $15,000 investment in each of 20 different common stocks. The portfol

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7 You Hold A Diversified Portfolio Consisting Of A 15 000 Investment In Each Of 20 Different Common Stocks The Portfol 1 (23.67 KiB) Viewed 64 times

7 You hold a diversified portfolio consisting of a $15,000 investment in each of 20 different common stocks. The portfolio beta is equal to 1.15. You have decided to sell one of your stocks, a lead mining stock whose bis equal to 1.0, for $15,000 net and to use the proceeds to buy $5,000 of stock in a steel company whose bis equal to 2.0. What will be the new beta of the portfolio? a. 1.12 b. 1.20 C. 1.22 d. 1.10 e. 1.15