CBA Has a Beta of 1 $0.65$ B) $1.10$

Multiple Choice

CBA has a beta of 1.6 and WPL has a beta of 1.8.Given this,calculate the beta for a portfolio consisting of 65% in CBA and 35% in WPL.

A) $0.65$
B) $1.10$
C) $1.30$
D) $1.67$