Question: You have $ 1 2 2 , 0 0 0 to invest in a portfolio containing Stock x and Stock Y . Your goal is

You have $122,000 to invest in a portfolio containing Stock x and Stock Y. Your goal is to create a portfolio that has an expected return of 17.6 percent. Stock x has an expected return of 14 percent and a beta of 1.26, and Stock Y has an expected return of 9.5 percent and a beta of 1.00
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.)
a. Investment in Stock Y
b. Portfolio beta
 You have $122,000 to invest in a portfolio containing Stock x

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