Jim Angel Holds a $200,000 Portfolio Consisting of the Following

Multiple Choice

Jim Angel holds a $200,000 portfolio consisting of the following stocks: $\begin{array}{lll}\text { Stock }&\text { Investment }&\text { Beta }\\A & \$ 50,000 & 1.20 \\B & \$ 50,000 & 0.80 \\C & \$ 50,000 & 1.00 \\D & \$ 50,000 & 1.20\\\text { Total }&\$200,000\end{array}$
What is the portfolio's beta? Do not round your intermediate calculations.

A) 1.239
B) 1.040
C) 0.861
D) 0.809
E) 1.050