10. You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1.25. You are considering selling $100,000 worth of one stock with a beta of 0.9 and using the proceeds to purchase another stock with a beta of 1.4. What will the portfolio's new beta be after these transactions? Do not round intermediate calculations. Round your answer to two decimal places.

9. Your retirement fund consists of a $6,000 investment in each of 20 different common stocks. The portfolio's beta is 1.7. Suppose you sell one of the stocks with a beta of 0.8 for $6,000 and use the proceeds to buy another stock whose beta is 1.2. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places.