As an intern at Hadlock & Fee Investments, you have been assigned to manage a $10 million portfolio that is invested in five stocks:

Stock Amount Invested Beta

TJX $4 million 1.2

GM $2 million 1.1

RTC $2 million 1.0

MAB $1 million 0.7

INX $1 million 1.5

What is the portfolio's Beta?

Multiple Choice

• 0.98

• 1.00

• 1.02

• 2.00

• 1.12