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Portfolio Beta You own $1,500 of City Steel stock that has a beta of 1.60. You also own $6,000 of Rent-N-Co (beta = 1.90) and

Portfolio Beta You own $1,500 of City Steel stock that has a beta of 1.60. You also own $6,000 of Rent-N-Co (beta = 1.90) and $5,000 of Lincoln Corporation (beta = 1.00). What is the beta of your portfolio (closest to)?1.50 3.04 4.50 1.00

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