Walter Jasper currently manages a $$700$ portfolio. He is expecting to receive an additional $$100$ from a new client. The existing portfolio has a required return of $11\mathrm{.}2$ percent. The risk$-$free rate is $3$ percent and the return on the market is $14$ percent. If Walter wants the required return on the new portfolio to be $10\mathrm{.}0$ percent, what should be the average beta for the new stocks added to the portfolio? Round your final answer to two decimals.

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