Assignment: Module 3: Chapter 8 Homework Assignment Score: 81.25% Save Submit Assignment for Grading Problem 8.14 (Portfolio Beta) Question 13 of 16 Questions 11. Check My Work (2 remaining) 12. 13. eBook Problem Walk-Through 15. Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 2.05. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7,500 and use the proceeds to buy another stock with a beta of 1.10. What would your portfolio's new beta be? Do not round intermediate calculations. Round your answer to two decimal places. 16