Question: A firm is comprised of the following 3 divisions. The furniture division comprises 60% of the market value of the firm and has a divisional beta of 1.7. The wall covering division comprises 20% of the market value of the firm and has a divisional beat of 1.1. The home lighting division comprises 20% of the market value of the firm and has a divisional beta of 1.0. What is the beta of the firm?