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You have $13,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with
You have $13,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with an expected return of 10 percent. Assume your goal is to create a portfolio with an expected return of 12.25 percent. |
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How much money will you invest in Stock X and Stock Y? (Do not include the dollar signs ($). Round your answers to the nearest whole dollar amount (e.g., 1,234,567).) Investment in Stock X = Investment in Stock Y =
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