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You have $14,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with

You have $14,000 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 8 percent. Assume your goal is to create a portfolio with an expected return of 12.40 percent. Required: How much money will you invest in Stock X and Stock Y?

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