Q1. Thomas has the 5-stock portfolio which has the market value equal to= $400,000. Portfolio's beta is 1.5. Thomas is allowing for selling particular stock to aid pay some university expenses. Stock is valued at= $100,000, also if he sells it, portfolio's beta will raise to 1.8. Find out the beta of stock Thomas is considering selling?
Q2. On June 14, 2011, the Wheat's sold= 500 shares of Garnet Corporation for= $17,500 ($35 each share). They owned 1,000 shares obtained as follows: 500 shares on November 5, 2007, for $25 share also 500 shares on August 5, 2009, for $30 share. The Wheat did not instruct their broker as to which 500 shares to sell.