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18. Mike Flannery holds the following portfolio: Stock A B Total Investment $150,000 50,000 100,000 $300,000 Beta 1.40 0.80 1.20 What is the portfolio's beta?

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18. Mike Flannery holds the following portfolio: Stock A B Total Investment $150,000 50,000 100,000 $300,000 Beta 1.40 0.80 1.20 What is the portfolio's beta? a. 1.06 b. 1.17 c. 1.23 d. 1.42 e. 1.56

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