Question: Please use Excel to solve this question with steps. Thanks. 1. 5 points. - Portfolio Beta Tom has $45,000 invested in a stock with a
Please use Excel to solve this question with steps. Thanks.

1. 5 points. - Portfolio Beta Tom has $45,000 invested in a stock with a beta of 0.8 and another $55,000 invested in a stock with a beta of 1.4. These are the only two investments in his portfolio. a. What is his portfolio's beta? b. Is that a risky portfolio to hold? Why? (Type one or two sentences in Excel)
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