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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.

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