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Portfolio Beta You own $1,900 of City Steel stock that has a beta of 1.67. You also own $6,700 of Rent-N-Co (beta = 1.97) and

Portfolio Beta You own $1,900 of City Steel stock that has a beta of 1.67. You also own $6,700 of Rent-N-Co (beta = 1.97) and $5,700 of Lincoln Corporation (beta = 1.07). What is the beta of your portfolio (closest to)?

A) 1.00 B) 4.71 C) 3.52 D) 1.57

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