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Problem 11-4 Portfolio Expected Return [LO 1) You have $16,000 to invest in a stock portfolio. Your choices are Stock X with an expected return

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Problem 11-4 Portfolio Expected Return [LO 1) You have $16,000 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 10 percent. Assume your goal is to create a portfolio with an expected return of 13.50 percent. How much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Investment in Stock X Investment in Stock Y

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