You have $300,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 14.50 percent. Stock X has an expected return of 13.28 percent and a beta of 1.44, and Stock Y has an expected return of 9.08 percent and a beta of .84.

How much money will you invest in stock X? (Negative amount 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 Stock X

$

What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 3 decimal places. (e.g., 32.161))

Portfolio beta