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You have $25,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13 percent and Stock Y with

You have $25,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13 percent and Stock Y with an expected return of 6 percent.

Required:
(a)

If your goal is to create a portfolio with an expected return of 11.4 percent, how much money will you invest in Stock X?

(Click to select)$40,714$18,322$20,250$19,286$20,057

(b)

If your goal is to create a portfolio with an expected return of 11.4 percent, how much money will you invest in Stock Y?

(Click to select)$5,943$5,714$5,428$5,485$6,000

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