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SCAN is a multi-divisional utility company. SCAN has four divisions with the following betas and proportions of the firm's total assets: Division Beta % of

SCAN is a multi-divisional utility company. SCAN has four divisions with the following betas and proportions of the firm's total assets:

Division Beta % of Assets Electric & Gas 0.85 60 Bus transportation 0.95 10 Real estate 1.40 25 Recreation 1.15 5

What is the firm's weighted average beta?

a. 1.53

b. 1.13

c. 1.01

d. 0.93

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