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Question: 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? (Do not round intermediate calculations and round your answer to 2 decimal places.) New portfolio beta. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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