You own a portfolio which is 25 percent invested in U.S. Treasury bills, 30 percent invested in Stock A with a beta of 0.80, 25 percent invested in stock B with a beta of 1.40, and the remainder is invested in stock C. Stock C is equally as risky as the market. The risk-free rate of return (R_f) is 2.50 percent and the expected return on the market (E(R_m)) is 15 percent. What is the portfolio beta? [Use the fact that the beta of the market portfolio is 1 and the beta of the risk-free asset, such as Treasury bills, is zero]

		0.79
		0.80
		1.04
		1.07
		1.10