What is the firms weighted average beta

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Reference no: EM13826238

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

Reference no: EM13826238

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