You have $40,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 6 percent.

Required:

(a)	If your goal is to create a portfolio with an expected return of 11 percent, how much money will you invest in Stock X?
	(Click to select) $23,111 $22,222 $21,111 $23,333 $48,889

(b)	If your goal is to create a portfolio with an expected return of 11 percent, how much money will you invest in Stock Y?
	(Click to select) $17,067 $16,889 $18,667 $18,489 $17,778