us $45,000 invested in a stock with

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An individual has $45,000 invested in a stock with a beta of 0.4 and another $75,000 invested in a stock with a beta of 2.5. If these are the only two investments in her portfolio, what is her portfolio's beta? Do not round intermediate
calculations. Round your answer to two decimal places.
Transcribed Image Text:Check My Work eBook An individual has $45,000 invested in a stock with a beta of 0.4 and another $75,000 invested in a stock with a beta of 2.5. If these are the only two investments in her portfolio, what is her portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places.
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