1) You would like to combine a risky stock with a beta of 1.86 with US treasury bills in such a way that the risk level of the portfolio is equivalent to the risk level of the overall market. What percentage of the portfolio should be invested in the risky stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

2) You have $38,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.8 percent and Stock Y with an expected return of 8.4 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 enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)