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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

image text in transcribed 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 12.4 percent, how much money will you invest in Stock X ? (b) If your goal is to create a portfolio with an expected return of 12.4 percent, how much money will you invest in Stock Y

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