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You have $35,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with

You have $35,000 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 8 percent.

Required:
(a)

If your goal is to create a portfolio with an expected return of 11.1 percent, how much money will you invest in Stock X?

(Click to select)$64,750$18,987$17,179$18,806$18,083

(b)

If your goal is to create a portfolio with an expected return of 11.1 percent, how much money will you invest in Stock Y?

(Click to select)$17,594$16,071$16,917$17,763$16,240

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