Knobel holds a well-diversified portfolio that has an expected return of 11.0% 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 of 1.50 The total value of Ivan's current portfolio is $90,000 What will the expected return and beta on the portfolio be after the purchase of the Syngine stock?
A) 10.64%; 1.17
B) 11.20%; 1.23
C) 11.76%; 1.29
D) 12.35%; 1.36
E) 12.97%; 1.42

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The Answer of Knobel holds a well-diversified portfolio that has an expected return of 11.0% 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 of 1.50 The total value of Ivan's current portfolio is $90,000 What will the expected return and beta on the portfolio be after the purchase of the Syngine stock?
A) 10.64%; 1.17
B) 11.20%; 1.23
C) 11.76%; 1.29
D) 12.35%; 1.36
E) 12.97%; 1.42

Knobel Holds a Well-Diversified Portfolio That Has an Expected Return