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You have $12,260 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.2 percent and Stock Y with

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You have $12,260 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.2 percent and Stock Y with an expected return of 8.61 percent. If your goal is to create a portfolio with an expected return of 11.71 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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