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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 9 percent.

Required:
(a)

If your goal is to create a portfolio with an expected return of 12.3 percent, how much money will you invest in Stock X?

(Click to select)$21,945$24,024$23,100$86,100$24,255

(b)

If your goal is to create a portfolio with an expected return of 12.3 percent, how much money will you invest in Stock Y?

(Click to select)$11,900$11,424$12,495$11,305$12,376

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