Question
Daniel O'Brien has a 2-stock portfolio with a total value of $300,000. $180,000 is invested in Stock A with a beta of 0.75 and the
Daniel O'Brien has a 2-stock portfolio with a total value of $300,000. $180,000 is invested in Stock A with a beta of 0.75 and the remainder is invested in Stock B with a beta of 1.42. What is his portfolio's beta? Do not round your intermediate calculations. Round your final answer to 2 decimal places.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
