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Portfolio Beta Y Cut ou own $21,500 of City Steel stock that has a beta of 3.32. You also own $38,500 of Rent-N-Co (beta =

Portfolio Beta YCutou own $21,500 of City Steel stock that has a beta of 3.32. You also own $38,500 of Rent-N-Co (beta = 1.77) and $20,700 of Lincoln Corporation (beta = -.83). What is the beta of your portfolio?

4.88 A

4.26 B

1.52 C

1.00 D

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