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A couple of years ago, you bought 500 shares of the Los Pollos Hermnos stock that...

A couple of years ago, you bought 500 shares of the Los Pollos Hermnos stock that has a beta of 2.7 for a price of USD 8,000. You also bought 1,000 shares of the Doghouse Drive In (beta = 1.5) for USD 9,000 and 4,000 shares of Mesa Verde Bank (beta = 0.5) for USD 15,000. The market value per share of these stocks now are USD 20, USD 7, and USD 2, respectively. What is the current beta of your portfolio?

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