You have $12,000 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 percent.
Assume your goal is to create a portfolio with an expected return of 12.30 percent.
How much money will you invest in Stock X and Stock Y?
(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)