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ou have $35,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with

ou have $35,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with an expected return of 8 percent.

If your goal is to create a portfolio with an expected return of 10.8 percent, how much money will you invest in Stock X?

If your goal is to create a portfolio with an expected return of 10.8 percent, how much money will you invest in Stock Y?

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