11.

You have $150,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 13.64 percent. Stock X has an expected return of 12.42 percent and a beta of 1.36, and Stock Y has an expected return of 9.2 percent and a beta of .90.

How much money will you invest in Stock Y? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Investment in Stock Y

$ ___________

What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Portfolio beta

________