You have $218242 to invest in a stock portfolio (this amount is your original wealth). Your...

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You have $218242 to invest in a stock portfolio (this amount isyour original wealth). Your choices are Stock H, with an expectedreturn of 15.14 percent, and Stock L, with an expected return of10.39 percent. Legal constraints require you to invest at least$42016 in stock L. If your goal is to create a portfolio with anexpected return of 20.18 percent on your original wealth, what isthe minimum amount you must borrow (and subsequently repay) at therisk free rate of 4.1 percent to achieve your goal? Answerin $ to two decimals.

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You have $218242 to invest in a stock portfolio (this amount isyour original wealth). Your choices are Stock H, with an expectedreturn of 15.14 percent, and Stock L, with an expected return of10.39 percent. Legal constraints require you to invest at least$42016 in stock L. If your goal is to create a portfolio with anexpected return of 20.18 percent on your original wealth, what isthe minimum amount you must borrow (and subsequently repay) at therisk free rate of 4.1 percent to achieve your goal? Answerin $ to two decimals.