You have a portfolio with a beta of 1.29. What will be the new portfolio beta if you keep 94 percent of your money in the old portfolio and 6 percent in a stock with a beta of 0.32? (Round your answer to 2 decimal places.) New portfolio beta %
You have a portfolio with a beta of 1.29. What will be the new portfolio beta if you keep 94 percent of your money in the old portfolio and 6 percent in a stock with a beta of 0.32? (Round your answer to 2 decimal places.) New portfolio beta %
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter2: Risk And Return: Part I
Section: Chapter Questions
Problem 15MC
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You have a portfolio with a beta of 1.29. What will be the new portfolio beta if you keep 94 percent of your money in the old portfolio and 6 percent in a stock with a beta of 0.32? (Round your answer to 2 decimal places.)
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