Stock Share Price Beta Number of Shares Value Portfolio Weight Expected Return Starbucks $60 0.7 50 $3000 13% 2.50% $127 1.3 40 $5080 22% 5.20% Boeing Macy's Raytheon $36 0.76 60 $2160 9% -4.32% $185 -0.17 40 $7400 31% 6.98% Nike $60 0.51 100 $6000 25% 4.23% Which of these stocks has the highest market risk? . Starbucks B. Boeing C. Macy's D. Raytheon E. Nike Raytheon's stock has Beta value of -0.17. What does a negative beta imply? A. Raytheon's stock is not correlated with the market B. Raytheon's stock moves in perfect harmony with the market C Raytheon's stock is riskier than the market D. Raytheon's stock will move opposite of the market. After calculating portfolio beta, we find out that the portfolio betals 0.514. Is this portfolio more or less risky than the market? A More risky than the market 38. Less risky than the market