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You have $17,612 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.32 percent and Stock Y with
You have $17,612 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.32 percent and Stock Y with an expected return of 9.9 percent. If your goal is to create a portfolio with an expected return of 12.81 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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