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Business, 28.08.2020 02:01 naenae6775

Jenna holds a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. Jenna plans to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.80. What will the portfolio's new beta be? A) 1.286.
B) 1.255.
C) 1.224.
D) 1.194.
E) 1.165.

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