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You have $ 1 0 0 , 0 0 0 to invest in a portfolio containing Stock A and Stock B . Your goal is

You have $100,000 to invest in a portfolio containing Stock A and Stock B. Your goal is to create a portfolio that has an expected return of 12.7 percent. If Stock A has an expected return of 11.4 percent and a beta of 1.25, and Stock B has an expected return of 8.68 percent and a beta of .85, how much money will you invest in Stock B? Calculate the beta of your portfolio. Show intermediate steps to receive full credit.

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