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Hakeem Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 1.60 C $50,000 0.70 D $50,000

Hakeem Angel holds a $200,000 portfolio consisting of the following stocks:

Stock Investment Beta
A $50,000 1.20
B $50,000 1.60
C $50,000 0.70
D $50,000 1.10
Total $200,000

What is the portfolio's beta? Do not round your intermediate calculations.

a. 0.288
b. 1.103
c. 1.150
d. 0.575
e. 1.600

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