You own a portfolio equally invested in three assets: two different stocks and a broad market index. Assume that one of the stocks has a beta of 1.60 and that the return of the broad market index has a sensitivity of 1 with respect to the market return (r_M). What is the beta of the second stock if the total portfolio is as risky as the market?

Group of answer choices

0.3

0.5

0.6

None of the others

0.4