Question
You own $15,000 of City Steel stock that has a beta of 3.25. You also own $35,000 of Rent-N-Co (beta = 1.70) and $20,000 of
You own $15,000 of City Steel stock that has a beta of 3.25. You also own $35,000 of Rent-N-Co (beta = 1.70) and $20,000 of Lincoln Corporation (beta = -.90). What is the beta of your portfolio?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
