Determine the Beta of a Portfolio Consisting of the Following

Multiple Choice

Determine the beta of a portfolio consisting of the following common stocks: $$\begin{array} { l l l } \text { Security } & \text { Market Value } & \text { Beta } \\\text { Boeing } & \$ 5,000 & 1.2 \\\text { Exxon } & \$ 4,000 & 0.8 \\\text { Duke Power } & \$ 2,500 & 0.6 \\\text { Blockbuster Video } & \$ 2,000 & 1.4 \\\text { Coca-Cola } & \$ 7,500 & 1.0\end{array}$$

A) 0.93
B) 0.85
C) 1.00
D) 1.14