Suppose you held a divenifed portfolio conshstiog of a $7,500 investment in esch of 20 different common stocks. The portfolie's beta is 2.05. Now suppcse you decided th sell one of the stock in your pontoso with a beta of 1.0 for 17.500 and use the proceeds to buy another stock with a beta of o. 80 . What would your portfolio's new beta be? Do not round intermediste calculatiens, Round your ansner to two decimal places