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?
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?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18344906-bc15-44b9-a9ba-41cc20889178%2F22a4222a-fe7b-481f-b9bd-f7203769f228%2Fmh0v0uo_processed.jpeg&w=3840&q=75)
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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