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ANSWERS ARE BELLOW PLEASE SHOW WORK You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of

ANSWERS ARE BELLOW PLEASE SHOW WORK

You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 10.4 percent and Stock Y with an expected return of 7.7 percent. Your goal is to create a portfolio with an expected return of 9.8 percent. All money must be invested. How much will you invest in stock Y?

$770

$2,222

$7,778

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