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You want your portfolio beta to be 1.65. Currently, your portfolio consists of $90,000 invested in Stock A with a beta of 2.74 and $50,000

You want your portfolio beta to be 1.65. Currently, your portfolio consists of $90,000 invested in Stock A with a beta of 2.74 and $50,000 in Stock B with a beta of 1.05. You have another $60,000 to invest and want to divide it between an asset with a beta of 2.10 and a risk-free asset. What dollar amount should you invest in the risk-free asset?

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