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Your retirement fund consists of an $8,000 investment in each of 18 different common stocks. The portfollo's beta is 1.10 , Suppose you sell one

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Your retirement fund consists of an $8,000 investment in each of 18 different common stocks. The portfollo's beta is 1.10 , Suppose you sell one of the stociks with a beta of 0.7 for $8,000 and use the proceeds to buy another stock whose beta is 1.8. Calculate your portfolio's new beta. Do not round intermediate. calculations. Round your answer to two decimal places

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