Your retirement fund consists of a $5,000 investment in each of 18 different common stocks. The portfolio's beta is 1.10. Suppose you sell one of the stocks with a beta of 0.5 for $5,000 and use the proceeds to buy another stock whose beta is 1.5. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places.

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators