Eminem is a risk taker and would like to invest in the portfolio below. He would like to know what the beta of the portfolio is.
Investment Value Beta
STOCKX $4,000 1.5
STOCKY $5,000 1.0
STOCKZ $1,000 .5
Can you tell him what is the beta of the portfolio?
A) 1.33
B) 1.24
C) 1.15
D) 1.00
Please provide detail calculations.