Problem 11-24 Analyzing a Portfolio You have $300,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 13.2 percent. Stock X has an expected return of 11.88 percent and a beta of 1.38 and Stock Y has an expected return of 8.16 percent and a beta of .76. 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

You have $300,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 13.2 percent. Stock X has an expected return of 11.88 percent and a beta of 1.38 and Stock Y has an expected return of 8.16 percent and a beta of .76 . 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.)