Bill Dukes has $100,000 invested in a 2-stock portfolio.$32,500 is invested in Stock X and the remainder is invested in Stock Y.X's beta is 1.50 and Y's beta is 0.70.What is the portfolio's beta? Do not round your intermediate calculations.Round the final answer to 2 decimal places.
A) 1.06
B) 1.25
C) 0.72
D) 0.96
E) 0.77

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The Answer of Bill Dukes has $100,000 invested in a 2-stock portfolio.$32,500 is invested in Stock X and the remainder is invested in Stock Y.X's beta is 1.50 and Y's beta is 0.70.What is the portfolio's beta? Do not round your intermediate calculations.Round the final answer to 2 decimal places.
A) 1.06
B) 1.25
C) 0.72
D) 0.96
E) 0.77

Bill Dukes Has $100,000 Invested in a 2-Stock Portfolio