You own 500 shares of Stock A at a price of $55 per share, 365 shares of Stock B at $75 per share, and 600 shares of Stock C at $40 per share. The betas for the stocks are .9, 1.7, and .7, respectively. What is the beta of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
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You own 500 shares of Stock A at a price of $55 per share, 365 shares of Stock B at $75 per share, and 600 shares of Stock C at $40 per share. The betas for the stocks are .9, 1.7, and .7, respectively. What is the beta of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

 

 
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