You currently have $ 120000 invested in a portfolio that has an expected return of 11 % and a volatility of 9 % . Suppose the risk-free rate is 5 % , and there is another portfolio has an expected return of 25 % and a volatility of 14 % .

a. What portfolio has a higher expected return than your portfolio but with the same volatility?

The portfolio should be composed of $__________ in the other portfolio, and the remaining $________in the risk-free investment.(Round to the nearest dollar.)

b. What portfolio has a lower volatility than your portfolio but with the same expected return?