Steve Brickson Currently Has an Investment Portfolio That Contains Four

question 5

Multiple Choice

Steve Brickson currently has an investment portfolio that contains four stocks with a total value equal to $80,000.The portfolio has a beta (?) equal to 1.4.Steve wants to invest an additional $20,000 in a stock that has ? = 2.4.After Steve adds the new stock to his portfolio,what will be the portfolio's beta?

• A) 1.6
• B) 1.9
• C) 2.0
• D) Not enough information is given to compute the portfolio's beta (?).
• E) None of the above is correct.

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