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You own $25,000 of City Steel stock that has a beta of 3.35. You also own $40,000 of Rent-N-Co (beta = 1.80) and $21,000 of

You own $25,000 of City Steel stock that has a beta of 3.35. You also own $40,000 of Rent-N-Co (beta = 1.80) and $21,000 of Lincoln Corporation (beta = -.80). What is the beta of your portfolio?

4.35

4.82

1.62

1.00

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