13. [1.19/3.57 Points] DETAILS MY NOTES Investments: Financial Stocks At the end of September 2021, Toronto...

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13. [1.19/3.57 Points] DETAILS MY NOTES Investments: Financial Stocks At the end of September 2021, Toronto Dominion Bank (TD) stock cost $66 per share, was expected to yield 4% per year in dividends (calculated on the total value of TD stock you bought), and had a risk index of 3.0 per share, while CNA Financial Corp. (CNA) stock cost $42 per share, was expected to yield 3.5% per year in dividends, and had a risk index of 2.0 per share. You have up to $25,800 to invest in these stocks, and would like to earn at least $949 in dividends over the course of a year. (Assume the dividends to be unchanged for the year.) How many shares (to the nearest tenth of a unit) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio? Toronto Dominion Bank CNA Financial Corp. 34.6 0 X shares shares What is the minimum total risk index? (Round your answer to two decimal places.) 173.91 X Need Help? Read It 13. [1.19/3.57 Points] DETAILS MY NOTES Investments: Financial Stocks At the end of September 2021, Toronto Dominion Bank (TD) stock cost $66 per share, was expected to yield 4% per year in dividends (calculated on the total value of TD stock you bought), and had a risk index of 3.0 per share, while CNA Financial Corp. (CNA) stock cost $42 per share, was expected to yield 3.5% per year in dividends, and had a risk index of 2.0 per share. You have up to $25,800 to invest in these stocks, and would like to earn at least $949 in dividends over the course of a year. (Assume the dividends to be unchanged for the year.) How many shares (to the nearest tenth of a unit) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio? Toronto Dominion Bank CNA Financial Corp. 34.6 0 X shares shares What is the minimum total risk index? (Round your answer to two decimal places.) 173.91 X Need Help? Read It