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Question 7 Lijuan has $ 2 , 0 0 0 dollars in GE , $ 4 , 0 0 0 in Ford, and a loan

Question 7
Lijuan has $2,000 dollars in GE, $4,000 in Ford, and a loan of $4,000 from the bank at the risk free rate.
GE has a beta of 1.1 and Ford has a beta of 1.4. Calculate the beta of Lijuans portfolio.
(a)1.30
(b)0.78
(c)3.90
(d)1.18
I would like to have a detailed answer because i don't understand how to get to the correct answer!!!

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