Determine the Beta of a Portfolio Consisting of the Following

Multiple Choice

Determine the beta of a portfolio consisting of the following common stocks: $$\begin{array} { l c c } \text { Security } & \text { Market Value } & \text { Beta } \\\text { Glaxo } & \$ 2,600 & 1.24 \\\text { SCANA } & 3,700 & 0.88 \\\text { BancOne } & 2,900 & 0.95 \\\text { Pepsi } & 3,400 & 1.05 \\\text { AFLAC } & 3,000 & 1.09 \\\text { Votec } & 4,400 & 1.41\end{array}$$

A) 1.00
B) 1.12
C) 1.09
D) 1.11