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If a portfolio is comprised of two stocks. Stock A comprises 65% of the portfolio and has a beta of 1.21. The portfolio beta is 1.119.
<h3>Portfolio beta</h3>
Using this formula
Portfolio beta=(Stock A portfolio×beta)+[(1-Stock A porfolio)× Stock B beta]
Let plug in the formula
βp = (.65 × 1.21) + [(1 - .65) × .95]
βp = (.7865) + [.35 × .95]
βp= .7865+ .3325
βp = 1.119
Therefore the portfolio beta is 1.119.
Learn more about portfolio beta here:brainly.com/question/14986133
Timothy stretched the rope between the hut and the beach for Philips to follow.
Answer:
a.It provides organizational independence.
Explanation:
Budget is a statement of income and expenditure of a certain period. Budgets are useful for forecasting the operating activities and financial position of a business enterprise and it ensures good business practice because they plan for future.
Organizational independence is a state in which an organization is not vulnerable for personnel turnover. Independent Organizations are normally mon profits or non government organizations and they are defined to be a collection of people who to pursue a charitable goal be it local, national or global level. Budgeting is applicable on dependent organizations instead of independent Organizations.
