You have a $$50,000$ portfolio consisting of Intel, GE$,$ and Con Edison. You put $$20,000$ in Intel, $$12,000$ in GE$,$ and the rest in Con Edison. Intel, GE$,$ and Con Edison have betas of $1\mathrm{.}3,1,$ and $\mathrm{.}8,$ respectively. What is your portfolio beta?

$1\mathrm{.}037$

$1\mathrm{.}033$

$1\mathrm{.}000$

$1\mathrm{.}048$