With an estimated 783 million people living in poverty, eradicating poverty is one of the biggest global issues facing humankind. Malnutrition, contaminated water, the refugee crisis and the AIDS epidemic all contain some aspects of poverty

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.