Martin Ortner Holds a $200,000 Portfolio Consisting of the Following

Multiple Choice

Martin Ortner holds a $200,000 portfolio consisting of the following stocks: $$\begin{array} { c r r } \text { Stock } & \text { Investment } & \text { Beta } \\\hline \text { A } & \$ 50,000 & 0.95 \\\text { B } & 50,000 & 0.80 \\\text { C }& 50,000 & 1.00 \\\text { D } & 50,000 & 1.20 \\\text { Total } & \underline{\$ 200,000} &\end{array}$$ What is the portfolio's beta?

A) 0.938
B) 0.988
C) 1.037
D) 1.089
E) 1.143