Steve Co has \\( \\$ 100,000 \\) invested in a 3 -stock portfolio. \\( \\$...
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Accounting
Steve Co has \\( \\$ 100,000 \\) invested in a 3 -stock portfolio. \\( \\$ 25,000 \\) is invested in Stock \\( X \\), \\( \\$ 50,000 \\) invested in Stock \\( Y \\) and \\( \\$ 25,000 \\) in Stock \\( Z \\). X's beta is \\( 0.70, Y^{\\prime} \\) 's beta is 1.50 and \\( \\mathrm{Z} \\) 's beta is 1.00 . What is the portfolio's beta? Do not round your intermediate calculations. Round the final answer to 2 decimal places. 1.44 1.00 1.14 0.91 1.18
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