Question
An individual has $30,000 invested in a stock with a beta of 0.7 and another $60,000 invested in a stock with a beta of 1.6.
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An individual has $30,000 invested in a stock with a beta of 0.7 and another $60,000 invested in a stock with a beta of 1.6. If these are the only two investments in his portfolio, what is his portfolio beta?
a. 1.30
b. 4.50
c. 1.00
d. 0.82
e. 1.15
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
