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You have $30,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13 percent and Stock Y with

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You have $30,000 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 7 percent. If your goal is to create a portfolio with an expected return of 10.3 percent, Required: (a) How much money will you invest in Stock X? $51,500 (b) How much money will you invest in Stock Y? $14.175

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