Sherrie Hymes holds a $200,000 portfolio consisting of the following stocks. What is the beta of this portfolio?

Stock Investment Beta

A $50,000 0.50

B $50,000 0.80

C $50,000 1.00

D $50,000 1.20

Total $200,000

Note: The beta of a portfolio is a weighted-average of the beta's of the assets. The "weight" of any asset in a portfolio can be calculated using the ($ invested) / (Total $ in portfolio).

Answer choices below:

A .875

B .80

C .65

D .975

E 1.05