Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 0.95. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for 57,500 and use the proceeds to buy another stock with a beta of 2.10. What would your portfolio's new beta be? Do not round intermediate calculations. Round your answer to fwo decimal places