You decide to form a portfolio of the following amounts invested in the following stocks. What is the beta of the portfolio?You decide to form a portfolio of the following amounts invested in the following stocks.

What is the beta of the portfolio?

SET YOUR CALCULATOR TO $4$ DECIMAL PLACES THEN INPUT YOUR ANSWER

ROUNDING TO $2$ DECIMALS i$.$e$.$ if your answer is $1\mathrm{.}2455,$ enter it as $1\mathrm{.}25.$

SET YOUR CALCULATOR TO $4$ DECIMAL PLACES THEN INPUT YOUR ANSWER ROUNDING TO $2$ DECIMALS i$.$e$.$ if your answer is $1\mathrm{.}2455,$ enter it as $1\mathrm{.}25.$

Stock

Amount

Beta

Expected Return

Apple

$$1,003$

$2\mathrm{.}40$

$10\mathrm{.}50\%$

Microsoft

$$3,246$

$0\mathrm{.}73$

$16\mathrm{.}90\%$

Ford

$$9,750$

$1\mathrm{.}95$

$15\mathrm{.}75\%$

Time Warner

$$4,485$

$1\mathrm{.}27$

$11\mathrm{.}80\%$