15. Ivan Knobel holds a well-diversified portfolio that has an expected return of 11.0%, a total value of $90,000, and a beta of 1.20. He is in the process of buying 1,000 shares of Syngine Corp at $10 a share and adding it to his portfolio. Syngine has an expected return of 13.0% and a beta 1.50. What will the beta on the portfolio be after the purchase of the Syngine stock?a. 1.17b. 1.29c. 1.36d. 1.42e. 1.23

Business · College · Tue Nov 03 2020

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c. 1.36.

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