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Business, 07.08.2021 04:40 alexchou773pejk7x

You currently own $10,000 of Tractor Supply which has an expected return of 11%. You recently inherited $10,000 and are looking into adding one of the following stocks. Stock beta
Pfizer 0.63
Ford 1.14
Coca-Cola 0.61
JP Morgan 1.18
Assume the risk-free rate is 2 percent, and the expected market rate of return is 11 percent.
What would be the beta of your portfolio if you added JP Morgan to your position in Tractor Supply?

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