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

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

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

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