Kleenex is a multi-divisional utility company kleenex has, Financial Accounting

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Kleenex is a multi-divisional utility company kleenex has

Kleenex is a multi-divisional utility company. Kleenex has four divisions with the following betas and proportions of the firm's total assets:

Division Beta % of Assets

Electric & Gas 1.28 25

Bus transportation 2.15 36

Real estate 0.76 15

Recreation 1.35 24

What is the firm's weighted average beta?

A. 1.190

B. 1.532

C. 1.328

D. 1.054

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Financial Accounting: Kleenex is a multi-divisional utility company kleenex has

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Financial Accounting: Kleenex is a multi-divisional utility company kleenex has

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