Amgen, which has a beta of 0.47, is evaluating a project of similar risk to the average project the company usually takes. Suppose youre currently an equity holder in Amgen and decide to maintain your equity stake in the company as they pursue this new project. Alternatively, you could have invested some of your money in the risk-free asset and some in the market portfolio. What percent of your money would you want to have invested in the risk-free asset and in the market to mimic the risk of Amgen? Report the weight in the risk-free asset below.

For your consideration:

Draw the location of the forgone portfolio on the Security Market Line.

Why do we use the treasury bond and the market portfolio to construct the alternative return (opportunity cost)?

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive or negative percentage rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (##.##)