You Own $8,000 of City Steel Stock That Has a Beta

question 28

Multiple Choice

You own $8,000 of City Steel stock that has a beta of 2.1. You also own $12,000 of Rent-N-Co (beta = 1.75) and $5,000 of Lincoln Corporation (beta = 0.50) . What is the beta of your portfolio?

• A) 1.45
• B) 1.61
• C) 2.10
• D) 4.35

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