Question: Gary would like to know the weighted beta coefficient for his portfolio. He owns 1 0 0 shares of ACE common stock with a beta

Gary would like to know the weighted beta coefficient for his portfolio. He owns 100 shares of ACE common stock with a beta of 1.1 and total current market value of $5,000; 400 shares of BDF common stock with a beta of .70 and total current market value of $8,000; and 200 shares of GIK common stock with a beta of 1.5 and total current market value of $10,000.
What is the overall weighted beta coefficient for Gary's portfolio?

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