Randy Marsh holds the following portfolio:
Stock Investment Beta
A $150,000 1.40
B 50,000 0.80
C 100,000 1.00
D 75,000 1.20
Total 375,000
Randy decides to sell half of his investment in Stock C, and use the proceeds to purchase the proceeds towards buying more of stock B. Assume there are no commission expenses for these trades. After these two trades, what is Randy’s portfolio beta? (Round middle steps to at least 4 decimal places)