You have $1,000 to invest and are considering buying some combination of the shares of two companies, DonkeyInc and ElephantInc. Shares of DonkeyInc will pay a return of 12 percent if the Democrats are elected, an event you believe to have a 40 percent probability; otherwise the shares pay a zero return. Shares of ElephantInc will pay 10 percent if the Republicans are elected (a probability of 60 percent), zero otherwise. Either the Democrats or the Republicans will be elected.

d. Devise an investment strategy that is riskless, that is, one in which the return on your $1,000 does not depend at all on which party wins. Instructions: Enter your responses rounded to two decimal places. You should invest $ in ElephantInc and $ in DonkeyInc.

e. Using the investment strategy devised in part d, you will earn % regardless of which party wins. PLEASE ANSWER THIS PART SPECIFICALLY!!!!!!!!!!!!!