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You invest $ 1 0 0 , 0 0 0 in a complete portfolio. The complete portfolio is composed of a risky asset with an

You invest $100,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return of 12% and a standard deviation of 28% and a treasury bill with a rate of return of 2.25%. How much money should be invested in the risky asset to form a portfolio with an expected return of 9.50%? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

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