Rick Kish Has a $100,000 Stock Portfolio

question 66

Multiple Choice

Rick Kish has a $100,000 stock portfolio.Thirty-two thousand dollars is invested in a stock with a beta of 0.75 and the remainder is invested in a stock with a beta of 1.38.These are the only two investments in his portfolio.What is his portfolio's beta?

• A)1.18
• B)1.24
• C)1.30
• D)1.36

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