A portfolio is comprised of 30 percent of stock X,55 percent of stock Y,and 15 percent of stock Z.Stock X has a beta of .87,stock Y has a beta of 1.48,and stock Z has a beta of 1.04.What is the portfolio beta?
A) 1.012
B) 1.111
C) 1.157
D) 1.190
E) 1.231
Correct Answer:
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