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A stock portfolio consists of 27 percent Stock A, 38 percent Stock B, and the remainder is invested in Stock C. The security betas are

A stock portfolio consists of 27 percent Stock A, 38 percent Stock B, and the remainder is invested in Stock C. The security betas are 1.09, 0.84, and 1.33 for Stocks A, B, and C, respectively. What is the portfolio beta?

  • 1.079

  • 1.084

  • 1.103

  • 1.072

  • 1.106

Please answer, I rate pretty quickly if the answer is correct.

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