(RiskReturn) An investor currently holds the following portfolio:

8,000 shares of Stock A, worth $17,000;Beta = 1.4

15,000 shares of Stock B, worth $50,000;Beta = 1.6

25,000 shares of Stock C, worth $95,000; Beta = 2.1

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 1.1, to his portfolio.

If the investor wants his portfolio to have a beta of 1.65, he must replace $

_____ stock C with stock D.

Need work