You own $23,496 of Olympic Steel stock that has a beta of 3.08. You also own $16,020 of Rent - a - Center (beta = 1.74) and $13,884 of Lincoln Educational (beta = 0.84). What is the beta of your portfolio?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter13: Other Financing Alternatives
Section: Chapter Questions
Problem 1aM
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You own $23,496 of Olympic Steel
stock that has a beta of 3.08. You
also own $16,020 of Rent - a -
Center (beta =
1.74) and $13,884
of Lincoln Educational (beta
=
0.84). What is the beta of your
portfolio?
Transcribed Image Text:You own $23,496 of Olympic Steel stock that has a beta of 3.08. You also own $16,020 of Rent - a - Center (beta = 1.74) and $13,884 of Lincoln Educational (beta = 0.84). What is the beta of your portfolio?
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