Question
You own $1,300 of City Steel stock that has a beta of 1.59. You also own $5,900 of Rent-N-Co (beta = 1.89) and $4,900 of
You own $1,300 of City Steel stock that has a beta of 1.59. You also own $5,900 of Rent-N-Co (beta = 1.89) and $4,900 of Lincoln Corporation (beta = .99). What is the beta of your portfolio (closest to)?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
