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During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was...

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Basic Math

During the first quarter of 2015, Toronto Dominion Bank (TD)stock cost $45 per share, was expected to yield 4% per year individends, and had a risk index of 3.0 per share, while CNAFinancial Corp. (CNA) stock cost $40 per share, was expected toyield 2.5% per year in dividends, and had a risk index of 2.0 pershare.† You have up to $25,000 to invest in these stocks, and wouldlike to earn at least $760 in dividends over the course of a year.(Assume the dividends to be unchanged for the year.) How manyshares (to the nearest tenth of a unit) of each stock should youpurchase to meet your requirements and minimize the total riskindex for your portfolio?

Toronto Dominion Bank__________ shares

CNA Financial Corp.___________ shares

What is the minimum total risk index? (Round your answer to twodecimal places.)

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