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You have $ 3 0 , 0 0 0 to invest in a stock portfolio. Your choices are Stock X with an expected return of

You have $30,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.3 percent and Stock Y with an expected return of 8.8 percent. Your goal is to create a portfolio with an expected return of 13 percent. All money must be invested. How much will you invest in Stock X?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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