You have $93395 to invest in two stocks and the risk-free security. Stock A has an...

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You have $93395 to invest in two stocks and the risk-freesecurity. Stock A has an expected return of 11.39 percent and StockB has an expected return of 9.25 percent. You want to own $34661 ofStock B. The risk-free rate is 4.2 percent and the expected returnon the market is 12.78 percent. If you want the portfolio to havean expected return equal to that of the market, how much should youinvest (in $) in the risk-free security? Answer to two decimals.(Hint: A negative answer is OK - it means you borrowed (rather thanlent or invested) at the risk free rate.)

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You have $93395 to invest in two stocks and the risk-freesecurity. Stock A has an expected return of 11.39 percent and StockB has an expected return of 9.25 percent. You want to own $34661 ofStock B. The risk-free rate is 4.2 percent and the expected returnon the market is 12.78 percent. If you want the portfolio to havean expected return equal to that of the market, how much should youinvest (in $) in the risk-free security? Answer to two decimals.(Hint: A negative answer is OK - it means you borrowed (rather thanlent or invested) at the risk free rate.)