You have $150,000 to invest in a portfolio containing Stock X and Stock Y . Your goal
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Question:
You have $150,000 to invest in a portfolio containing StockXand StockY. Your goal is to have a portfolio that has an expected return of 13.45 percent. StockXhas an expected return of 12.06 percent and a beta of 1.46, and StockYhas an expected return of 8.22 percent and a beta of .82.
How much money will you invest in StockY?(A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Investment in StockY$
What is the beta of your portfolio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Portfolio beta
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