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You have $35,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 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 16 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 11.9 percent, how much money will you invest in Stock X?

(Click to select)$17,915$16,209$52,062$17,062$17,744

(b)

If your goal is to create a portfolio with an expected return of 11.9 percent, how much money will you invest in Stock Y?

(Click to select)$17,938$17,220$18,656$17,041$18,835

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