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Jerry owns $2,000 worth of Riverside stock, which has a beta of 2.5 times the beta of the market portfolio. He also owns $8,000 worth

Jerry owns $2,000 worth of Riverside stock, which has a beta of 2.5 times the beta of the market portfolio. He also owns $8,000 worth of Olmsted stock (beta = 1.9) and $4,000 worth of Sproul stock, which has a beta of 0.25. What is the beta of his portfolio?

4.65

1.55

1.51

14.00

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