Your portfolio is composed of 500 shares of Stock X, 2,500 shares of Stock Y, and 2,800 shares of Stock Z. Stock X has a beta of .45 and a price of $12.30 per share. Stock Y has a beta of .85 and a price of $57.47 per share. Stock Z has a beta of 1.95 and a price of $33.00 per share. What is the portfolio beta?

Multiple Choice

a.1.08

b.1.24

c.1.26

d.2.05

e.1.35