Suppose you held a diversified portfolio consisting of a $1,000 investment in each of 10 different common stocks. The portfolio's beta is 1.60. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 2.80 for $1,000 and use the proceeds to buy another stock with a beta of 1.00. What would your portfolio's new beta be?

Question 11 options:

	1.7800
	1.0000
	1.4200
	-0.2000