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.
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.
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 10PROB
Related questions
Question
100%
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.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning