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You have $ 1 8 , 2 3 2 to invest in a stock portfolio. Your choices are Stock X with an expected return of

You have $18,232 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13.54 percent and Stock Y with an expected return of 8.99 percent. If your goal is to create a portfolio with an expected return of 11.18 percent, how much money (in $) will you invest in Stock X? Answer to two decimals, carry intermediate calcs. to four decimals.

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