Question: Please show all your work with formulas and steps. You have $200,000 to invest in a portfolio containing Stock X and Stock Y. Your goal

Please show all your work with formulas and steps.

You have $200,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 14.4 percent. Stock X has an expected return of 12.62 percent and a beta of 1.26 and Stock Y has an expected return of 8.84 percent and a beta of 72. How much money will you invest in Stock Y? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Investment in Stock Y Portfolio beta

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