Question: You have $ 1 1 4 , 0 0 0 to invest in a portfolio containing Stock X and Stock Y . Your goal is

You have $114,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 15.8 percent. Stock X has an expected return of 13.6 percent and a beta of 1.22, and Stock Y has an expected return of 8.1 percent and a beta of .02.
a. How much money will you invest in Stock Y?(Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
b. What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g.,32.161.)

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