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Charles Parkers's savings of $1,000,000 are invested in a portfolio that contains only shares of Procter & Gamble (beta of 0.55) and Microchip Technology (beta

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Charles Parkers's savings of $1,000,000 are invested in a portfolio that contains only shares of Procter & Gamble (beta of 0.55) and Microchip Technology (beta of 1.27). If 21% of the portfolio is invested in Procter & Gamble shares, what is the beta of Parker's portfolio? A 1.12 B 0.7 0.55 D 1.27

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