Question: Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 1.06. 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 0.71. What would your portfolio's new beta be? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.