You have $28,000 to invest in a stock portfolio. Your choices are Stock X with a

Question

You have $28,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13 percent and Stock Y with an expected return of 10.0 percent. If your goal is to create a portfolio with an expected return of 12.07 percent, how much money will you invest in Stock X and Stock Y?

You have $28,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13 percent and Stock Y with an expected return of 10.0 percent. If your goal is to create a portfolio with an expected return of 12.07 percent, how much money will you invest in Stock X and Stock Y?

Explanation / Answer

stock X =$ 19320

stock Y = $8680

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