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Business, 10.07.2019 04:40 fia31

You are managing a portfolio of 10 stocks that are held in equal dollar amounts. the current beta of the portfolio is 1.8, and the beta of stock a is 2.0. if stock a is sold and the proceeds are used to purchase a replacement stock, what does the beta of the replacement stock have to be to change the portfolio beta to 1.7?

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