You have $20,000 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 6 percent.
If your goal is to create a portfolio with an expected return of 11.6 percent, how much money will you invest in Stock X? A) 14,000 B) 13,300 C) 14,560 D) 29,000 E) 14,700
If your goal is to create a portfolio with an expected return of 11.6 percent, how much money will you invest in Stock Y? A) 6,240 B) 6,300 C) 6,000 D) 5,700 E) 5,760