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Your retirement fund consists of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 2.25. Suppose you sell ofie of

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Your retirement fund consists of a \$7,500 investment in each of 20 different common stocks. The portfolio's beta is 2.25. Suppose you sell ofie of the stocks with a beta of 1.0 for 57,500 and we the proceeds to buy another stock whose beta is 1.85. Calculate your portfolio's new beta, Do not round intermeduate calculations. Round your answer to two decimal places

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