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You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 12.4 percent and Stock Y with

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You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 12.4 percent and Stock Y with an expected return of 10.1 percent. If your goal is to create a portfolio with an expected return of 10.85 percent, how much money will you invest in Stock X? In Stock Y? 2 B 4 Input area: 5 6 Portfolio value $10,000 7 Stock X E(R) 12.40% 8 Stock Y E(R) 10.10% 9 Portfolio E(R) 10.85% 10 11 (Use cells A6 to B9 from the given information to complete this question.) 12 13 Output area: 14 15 Weight of Stock X 16 Weight of Stock Y 17 Dollar in Stock X 18 Dollars in Stock Y 19 20 21

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