Your portfolio is comprised of 40 percent of stock X, 15 percent of stock Y, and 45

Question:

Your portfolio is comprised of 40 percent of stock X, 15 percent of stock Y, and 45 percent of stock Z. Stock X has a beta of 1.16, stock Y has a beta of 1.47, and stock Z has a beta of 0.42. What is the beta of yourportfolio?

A. 0.87
B. 1.09
C. 1.13
D. 1.18
E. 1.21

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...