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You have $ 1 8 , 0 0 0 to invest in a stock portfolio. Your choices are Stock x with an expected return of

You have $18,000 to invest in a stock portfolio. Your choices are Stock x with an
expected return of 13 percent and Stock Y with an expected return of 11 percent. If your
goal is to create a portfolio with an expected return of 12.18 percent, how much money
will you invest in Stock x and Stock Y?(Do not round intermediate calculations and
round your answer to the nearest dollar, e.g.,32.)
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