Refurbish, inc. reissued 1,000 shares of its treasury stock for $10,000. prior to the reissuance, the treasury stock balance was $12,000, which included the $8,000 cost of the 1,000 shares reissued. as a result of this transaction, refurbish's

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.