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What is the beta of the portfolio with the investment composition shown below? Stock Value of Investment Beta Exxon $20,000 0.8 Microsoft $30,000 0.9 Citigroup
What is the beta of the portfolio with the investment composition shown below?
Stock | Value of Investment | Beta |
|
Exxon | $20,000 | 0.8 | |
Microsoft | $30,000 | 0.9 | |
Citigroup | $80,000 | 2.2 |
The beta of the portfolio is ____. (Round to two decimal places.)
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