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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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