Over the past several weeks you have assembled a small stock portfolio via the purchase...
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Finance
Over the past several weeks you have assembled a small stock portfolio via the purchase of small amounts of different company stocks. You know that the point of a portfolio is to reduce your overall exposure to systematic risk, but aren't sure exactly what the risk of your new portfolio is. You have purchased the following : $10,000 of Tesla Stock, $7,000 of McDonald's Stock, and $9,000 of Boeing Stock. You have estimated the betas of these stocks to be the following: a 8 of 2.94 for Tesla, a B of 0.51 for McDonald's, and a 8 of 1.6 for Boeing. What is the beta of your portfolio? (Round to 2 digits)
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