Suppose you heid a diversified portfolio consisting of a 57,500 investment in each of 20 different common stocks. The portfolio's beta is 0.75 . Now suppose you decided to seli cone of the stocks in your portfollo with a beta of 1.0 for $7,500 and use the proceeds to buy another stock with a bets of 2.10 . What would your portfolio's new beta be? Do not revind intermediate calculations. Pound your answer to two decimal places