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Suppose you held a diversified portfollo consisting of a $7,500 investment in each of 20 different common stocks, The portfolio's bota is 1.95. Now. suppose

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Suppose you held a diversified portfollo consisting of a $7,500 investment in each of 20 different common stocks, The portfolio's bota is 1.95. Now. suppose you decided to sell one 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 beta of 0.80. What would your portfolio's new beta be? Do not round intermedlato calculations. Round your answer to two decimal places

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