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You have a $50000 portfolio consisting of Intel, GE, and Con Edison. You put $17000 in Intel, $15000 in GE, and the rest in Con

You have a $50000 portfolio consisting of Intel, GE, and Con Edison. You put $17000 in Intel, $15000 in GE, and the rest in Con Edison. Intel, GE, and Con Edison have betas of 1.3, 0.9, and 0.8, respectively. What is your portfolio beta?

1.000

1.300

0.984

0.696

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