Your investment club has only two stocks in its portfolio. $25,000 is invested in a stock with a beta of 0.7, and $50,000 is invested in a stock with a beta of 1.1. What is the portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places
Your investment club has only two stocks in its portfolio. $25,000 is invested in a stock with a beta of 0.7, and $50,000 is invested in a stock with a beta of 1.1. What is the portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Your investment club has only two stocks in its portfolio. $25,000 is invested in a stock with a beta of 0.7, and $50,000 is invested in a stock with a beta of 1.1. What is the portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places.
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