An investor currently holds the following portfolio:

8,000 shares of Stock A, worth $16,000; Beta = 1.2

15,000 shares of Stock B, worth $49,000; Beta = 1.9

25,000 shares of Stock C, worth $95,000; Beta = 2.3

The investor is worried that the beta of his portfolio is too high, so he wants to sell some stock C and add stock D, which has a beta of 1, to his portfolio.

If the investor wants his portfolio to have a beta of 1.66, he must replace $ Blank 1. Calculate the answer by read surrounding text. 000 stock C with stock D.