UBL investment management has the following portfolio: Stock Investment (millions) Beta A $ 150 1

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UBL investment management has the following portfolio: Stock Investment (millions) Beta A $ 150 1.4 B $ 50 0.8 ? $ 100 1.00 D $ 75 1.2 The investment firm plans to sell Stock A and replace it with Stock E, which has a beta of 0.75. By how much will the portfolio beta change? (a) -0.234 (b) -0.211 (C) -0.260 (d) -0.190 (e) -0.286