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Suppese you held a diversified portfolio consisting of a 57,500 investment in each of 20 different comman stocics. The portfolio's beta is 1.35 . Now

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Suppese you held a diversified portfolio consisting of a 57,500 investment in each of 20 different comman stocics. The portfolio's beta is 1.35 . Now suppose you decided io seti one of the stocks in your portfollo with o beta of 1.0 for 57,500 and use the proceeds to buy another stock with a beta of 1.90 . What would your portfolio's new beta be De not round intermediate calculations. Round your answer to two decimal piaces. Suppese you held a diversified portfolio consisting of a 57,500 investment in each of 20 different comman stocics. The portfolio's beta is 1.35 . Now suppose you decided io seti one of the stocks in your portfollo with o beta of 1.0 for 57,500 and use the proceeds to buy another stock with a beta of 1.90 . What would your portfolio's new beta be De not round intermediate calculations. Round your answer to two decimal piaces

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