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Question
Steve Brickson currently has an investment portfolio that contains four stocks with a total value equal to $80,000. The portfolio has a beta (β) equal to 1.4. To earn higher returns, Steve wants to invest an additional $20,000 in a stock that has β equal to 2.4. After Steve adds the new stock to his portfolio, what will the portfolio's beta be?
a. 1.6
b. 1.8
c. 1.9
d. 2.0
e. 2.1
Answer
This answer is hidden. It contains 1 characters.
Related questions
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