Question: show how to solve this step by step Question 12 The beta of Bank of America stock is 0.5 and the beta of Citigroup stock

show how to solve this step by step

Question 12 The beta of Bank of America stock is 0.5 and the beta of Citigroup stock is 1.0. You take a $1000 long position in the Bank of America stock. How much (in dollar amount) should you invest in the short position of Citigroup stock in order to make your portfolio beta neutral? (Please enter your final answer as an integer.) Answer: 500

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