eBook Problem Walk-Through Portfolio Beta Your retirement fund consists of a $6,000 investment in each of 12 different common stocks. The portfolio's beta is 1.40. Suppose you sell one of the stocks with a beta of 0.7 for $6,000 and use the proceeds to buy another stock whose beta is 2.0. Calculate your portfolio's new beta. Do not round Intermediate calculations. Round your answer to two decimal places