D6 You have $90,979 to invest in two stocks and the risk-free security. Stock A has an expected returnof 12.78 percent and Stock B has an expected return of 11.68 percent. You want to own $26,820 ofStock B. The risk-free rate is 5.44 percent and the expected return on the market is 10.56 percent. Ifyou want the portfolio to have an 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 meansyou borrowed (rather than lent or invested) at the risk free rate.)

Total investment = $90,979Amount investment in stock B = $26,820Expected return of stock A =…

You have $90,979 to invest in two stocks and the risk-free security. Stock A has an expected retu of 12.78 percent and Stock B has an expected return of 11.68 percent. You want to own $26,82 Stock B. The risk-free rate is 5.44 percent and the expected return on the market is 10.56 percen you want the portfolio to have an expected return equal to that of the market, how much should invest (in $) in the risk-free security? Answer to two decimale (Hint JOK