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5. A client has a $1,200,000 portfolio consisting of the following four stocks: 1) $300,000 ABC @ 1.1beta 2) $225,0000 QWE @ .7 beta 3)

5. A client has a $1,200,000 portfolio consisting of the following four stocks: 1) $300,000 ABC @ 1.1beta 2) $225,0000 QWE @ .7 beta 3) $405,000 ETRT @ .3 beta 4) $270,000 IOP @ 1.3 beta What is the beta of the portfolio as a whole?

a. .8 b. .86 c. .92 d. 1.0

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