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You want to invest $43,000 in a portfolio with a beta of no more than 1.51 and an expected return of 13.0%. Bay Corp. has
You want to invest $43,000 in a portfolio with a beta of no more than 1.51 and an expected return of 13.0%. Bay Corp. has a beta of 1.1 and an expected return of 11.1%, and City Inc. has a beta of 1.85 and an expected return of 14.58%. The risk-free rate is 6%. 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.) In City Inc., you should invest $. (Round to the nearest cent.)
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