An individual's portfolio consists of three separate assets. Asset 1 has a beta of 1.4, asset 2 has a beta of .84 and asset 3 has a beta of 1.05. The investor has invested $240 in asset 1, $500 in asset 2, and $260 in asset 3
Calculate the portfolio beta.
A) 1.03
B) 1.17
C) 1.09
D) 0.93
E) 0.85
A
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