Calculate portfolios beta


Question:  Tom Skinner has 45,000 dollar invested in a stock with a beta of 0.8 and another $55,000 invested in a stock with a beta of 1.4. These are the only investments in portfolio. Calculate portfolio's beta?

[A] 1.03

[B] 1.08

[C] 0.93

[D] 0.98

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Portfolio Management: Calculate portfolios beta
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