Problem 11-22 Portfolio Expected Return [LO 1]

You have $267,000 to invest in a stock portfolio. Your choices are Stock H, with an expected return of 14.2 percent, and Stock L, with an expected return of 11.8 percent.

Required:

If your goal is to create a portfolio with an expected return of 12.85 percent, how much money will you invest in Stock H and in Stock L? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Investment in Stock H	$ _________________
Investment in Stock L	$ _________________