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Stap Inc. has $100,000 invested in a 3-stock portfolio. $40,000 is invested in Stock X, $30,000 in stock Y, and the remainder is invested in

Stap Inc. has $100,000 invested in a 3-stock portfolio. $40,000 is invested in Stock X, $30,000 in stock Y, and the remainder is invested in Stock Z. X's beta is 1.20, Ys beta is 0.80 and Zs beta is 1.80. What is the portfolio's beta?

1.17

1.20

1.22

1.26

1.32

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