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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

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 35% and a treasury bill with a rate of return of 3.0%. How much money should be invested in the risky asset to form a portfolio with an expected return of 8%? Be sure to convert your percentage weight in the risky asset to dollars. 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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