Suppose you held a diversified portfolio consisting of a $7.500 Investment in each of 20 afferent common stocks. The portfolio's beta i 1.08. 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 bea of 1.39. What would your portfolio's new beta be? Do not round intermediate calculations. Round your answer to two decimal places