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11. You have $80,000 to invest in stocks. You select 2 stocks: A & B. Stock A has a beta of .6, so you invest

11. You have $80,000 to invest in stocks. You select 2 stocks: A & B. Stock A has a beta of .6, so you invest $60,000 in it. The remainder you put in Stock B which has a beta of 1.5. What is the beta of your stock portfolio (Ch 5)?

***required to use this formula B = I(PVIFA i,n) + M (PVIFi,n)

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