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Luis Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.10 B $50,000 0.50 C $50,000 0.70 D $50,000

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

Stock Investment Beta A $50,000 1.10

B $50,000 0.50

C $50,000 0.70

D $50,000 1.20

Total $200,000

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

a. 0.875

b. 0.219

c. 0.824

d. 1.200

e. 0.438

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