The expected rates of return for Stocks A$,$ B$,$ and C are $\mathrm{.}18,\mathrm{.}10,$ and $\mathrm{.}15$ respectively. The risk free rate is $\mathrm{.}04$ and the market risk premium is $\mathrm{.}08.$ If you invest $$500,$ $$250,$ and $$500$ in Stocks A$,$ B$,$ and C respectively, what is the beta of the portfolio? Assume that the three stocks are priced in equilibrium.

Select one:

a$.$

$1\mathrm{.}0$

b$.$

$1\mathrm{.}2$

c$.$

$1\mathrm{.}4$

d$.$

$1\mathrm{.}6$