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31- Cher owns a portfolio that has a value of 77,100 dollars and consists of 3 stocks. It has 23,400 dollars worth of stock A,
31-
Cher owns a portfolio that has a value of 77,100 dollars and consists of 3 stocks. It has 23,400 dollars worth of stock A, which has a beta of 0.5; it has 1,600 shares of stock B, which has a share price of 6 dollars and a beta of 0.7; and it has some stock C, which has a beta of 1.59. What is the beta of Chers portfolio? Round your answer to 2 decimal places (for example, 2.89, 0.70, or 1.00).
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