You also own 9920 of rent-a-center beta 191 and 8960 of


1. You own $13,120 of Olympic Steel stock that has a beta of 3.12. You also own $9,920 of Rent-a-Center (beta = 1.91) and $8,960 of Lincoln Educational (beta = 0.49). What is the beta of your portfolio? (Round your answer to 2 decimal places.)

2. Portfolio Beta You have a portfolio with a beta of .91. What will be the new portfolio beta if you keep 60 percent of your money in the old portfolio and 40 percent in a stock with a beta of 1.51 ?

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Financial Management: You also own 9920 of rent-a-center beta 191 and 8960 of
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