*Stocks B, C and D have the following return statistics: mu subscript B equals5.9%, mu subscript C equals9.7%, mu subscript D equals5.0% sigma subscript B equals33%, sigma subscript C equals16%, sigma subscript D equals27% rho subscript B C end subscript equals0.29, rho subscript B D end subscript equals0.69, rho subscript C D end subscript equals0.13 beta subscript B equals2.4, beta subscript C equals1.6, beta subscript D equals1.5 The risk-free rate is 1.2%. What is the beta of a portfolio that is 22% invested in Stock B, 29% invested in Stock C, and the remainder in Stock D? Give your answer to the closest 0.01.

Stocks B,C and D have the following return statistics: B=5.9%,C=9.7%,D=5.0%B=33%,C=16%,D=27%BC=0.29,BD=0.69,CD=0.13B=2.4,C=1.6,D=1.5 The risk-free rate is 1.2%. What is the beta of a portfolio that is 22% invested in Stock B, 29% invested in Stock C, and the remainder in Stock D? Give your answer to the closest 0.01