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A portfolio consists of two stocks and has a beta of 1.25. The first stock has a beta of 1.02 and comprises 30% of the portfolio. What is the beta of the second stock?
Basalt
A dark, fine-grained volcanic rock that is formed from the rapid cooling of basaltic lava exposed at or very near the surface.
Tan Silt
Fine-grained sedimentary material with a distinctive tan color, composed of quartz and feldspar, often transported by water or wind.
Sediment
Particles of organic or inorganic matter that accumulate in a loose, unconsolidated form, often transported by water, wind, or ice.
Angular Fragments
Pieces of rock or mineral that have sharp edges, typically resulting from mechanical weathering and indicative of rapid transport or deposition.
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