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Problem 1 1 - 4 Portfolio Expected Return [ LO 1 ] You have $ 1 3 , 0 0 0 to invest in a

Problem 11-4 Portfolio Expected Return [LO 1]
You have $13,000 to invest in a stock portfolio. Your choices are Stock x with an expected return of 15 percent and Stock Y with an expected return of 9 percent. Assume your goal is to create a portfolio with an expected return of 12.35 percent. How much money will you invest in Stock x and Stock Y?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,3216.
\table[[Investment in Stock x,],[Investment in Stock Y,]]
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