Company Beta

Ford Motor Company $2\mathrm{.}77$

IBM $0\mathrm{.}73$

Merck $0\mathrm{.}90$

If you put $30\%$ of your portfolio in Ford Motor; $40\%$ in IBM; and $30\%$ in the Merck, what is the beta of your portfolio?

Question $7$ options:

$1\mathrm{.}39$

$1\mathrm{.}79$

$1\mathrm{.}59$

$1\mathrm{.}09$