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In August 2011, Bank of Hawaii (BOH) stock cost $45 per share, yielded 4% per year in dividends, and had a risk index of 3.0

In August 2011, Bank of Hawaii (BOH) stock cost $45 per share, yielded 4% per year in dividends, and had a risk index of 3.0 per share, while JPMorgan Chase (JPM) stock cost $40 per share, yielded 2.5% per year in dividends, and had a risk index of 2.0 per share. You have up to $25,000 to invest in these stocks, and would like to earn at least $796 in dividends over the course of a year. (Assume the dividends to be unchanged for the year.) How many shares (to the nearest tenth of a unit) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio?

Bank of Hawaii shares
JP Morgan Chase shares

What is the minimum total risk index? (Round your answer to two decimal places.)

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