Question

You have $27,000 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 10.5 percent. If your goal is to create a portfolio with an expected return of 12.88 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations and round your answer to the nearest dollar, e.g., 32.)

Answer 1

stock x with an expected return of Y

Step-by-step explanation: