You own a stock portfolio invested 25 percent in Stock Q, 20 percent in Stock R, 5 percent in Stock


You own a fund portfolio invested 25 percent in Fund Q, 20 percent in Fund R, 5 percent in Fund S, and 50 percent in Stock T. The betas for these impure funds are 1.19, 1.53, 1.24, and 0.78, respectively. What is the portfolio beta?


1.06
1.08
1.03
1.11
1