You have $20,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 12 percent. Your goal is to create a portfolio with an expected return of 12.5 percent. All money must be invested. The weight of Stock X in your portfolio should be __________%. Round-off to 1 decimal place.

[Hint: 12.5 = xr₁ + (1-x)r₂ ]

Group of answer choices

75.0

78.6

70.0

50.0

25.0

62.5