1. You have $32,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15.7 percent and Stock Y with an expected return of 8.7 percent. Your goal is to create a portfolio with an expected return of 13 percent. All money must be invested. How much will you invest in Stock X? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2. The risk-free rate of return is 2.6 percent, the inflation rate is 3.1 percent, and the market risk premium is 4.6 percent. What is the expected rate of return on a stock with a beta of 0.69? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

3. Suppose the common stock of United Industries has a beta of 1.19 and an expected return of 11.8 percent. The risk-free rate of return is 3.5 percent while the inflation rate is 2.6 percent. What is the expected market risk premium? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

4. Your portfolio is comprised of 30 percent of Stock X, 20 percent of Stock Y, and 50 percent of Stock Z. Stock X has a beta of 1.12, Stock Y has a beta of 0.87, and Stock Z has a beta of 1.35. What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)