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Jim Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 0.80 C $50,000 1.00 D $50,000

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

Stock Investment Beta
A $50,000 1.20
B $50,000 0.80
C $50,000 1.00
D $50,000 1.20
Total $200,000

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

a. 1.040
b. 0.861
c. 1.050
d. 0.809
e. 1.239

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