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An investor places $10,000 in Stock A, $9,000 in Stock B and $15,000 in Stock C. Stock A has a beta of 0.9, Stock B

An investor places $10,000 in Stock A, $9,000 in Stock B and $15,000 in Stock C. Stock A has a beta of 0.9, Stock B has a beta of 1.1 and Stock C has a beta of 1.3. What is the resulting portfolio beta?

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  • 1.15

  • 1.13

  • 1.09

  • 1.23

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