Suppose you held a portfolio consisting of a $7500 investment in each of 20 different common stocks. The portfolio's beta is 1.

Suppose you held a portfolio consisting of a $7500 investment in each of 20 different common stocks. The portfolio's beta is 1.12. Now suppose you decide to sell one of the stocks in your portfolio with a beta of 1.0 for $7500 and use the proceeds to buy another stock with a beta of 1.75. What would your portfolio's new beta be?