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You would like to invest $ 3 0 , 0 0 0 and have a portfolio expected return of 1 7 percent. You are considering

You would like to invest $30,000 and have a portfolio expected return of 17 percent. You are considering two securities, M and N. M has an expected return of 10 percent and N has an expected return of 20 percent. How much should you invest in stock M and the rest of the balance in stock N to achieve the 17 percent portfolio return?
$18,000
$12,000
$9,000
$21,000

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