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You want to invest $43,000 in a portfolio with a beta of no more than 1.4 and an expected return of 11.0%. Bay Corp. has
You want to invest $43,000 in a portfolio with a beta of no more than 1.4 and an expected return of 11.0%. Bay Corp. has a beta of 1.21 and an expected return of 10.2%, and City Inc. has a beta of 1.82 and an expected return of 12.83%. The risk-free rate is 5%. You can invest in Bay Corp. and City Inc. How much will you invest in each? In Bay Corp., you should invest $ (Round to the nearest cent.)
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