You have $15,000 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 7 percent.
a. If your goal is to create a portfolio with an expected return of 10.3 percent, how much money will you invest in Stock X?
$6,717, $7,071, $7,425, $22,071, $7,354
b. If your goal is to create a portfolio with an expected return of 10.3 percent, how much money will you invest in Stock Y? i
$7,612, $8,325, $7,533, $8,246, $7,929