$13$

$6\mathrm{.}66$

points

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You have $$120,000$ to invest in a portfolio containing Stock $x$ and Stock Y$.$ Your goal is to create a portfolio that has an expected ret of $17\mathrm{.}2$ percent. Stock $x$ has an expected return of $13\mathrm{.}8$ percent and a beta of $1\mathrm{.}25,$ and Stock $Y$ has an expected return of $9\mathrm{.}8$ percen and a beta of $85.$

a$.$ How much money will you invest in Stock Y$?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

b$.$ What is the beta of your portfolio?

Note: Do not round intermediate calculations and round your answer to $3$ decimal places, e$.$g$.,32\mathrm{.}161.$

$\backslash$table$[[$a$.$ Investment in Stock Y$,$$$,51,429],[$b$.$ Beta of the portfolio,,$1\mathrm{.}590]]$