Risk and Rates of Return Back to Assignment Attempts Average / 1 6. Problem 8.14 (Portfolio Beta) eBook Problem Walk-Through Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta i 1.25. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7,500 and use the proceeds to buy another stock with a beta of 1.60 What would your portfoto's new beto be? Do not found Intermediate calculations. Round your answer to two decimal places, Grade le Now Save & Continue Continue without saving