You have 12000 to invest in a stock portfolio your choices, Financial Management

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You have 12000 to invest in a stock portfolio your choices

You have $12,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 11 percent and Stock Y with an expected return of 8 percent. If your goal is to create a portfolio with an expected return of 9.59 percent, how much money will you invest in Stock X ? In Stock Y? (Do not round intermediate calculations.)

Amount invested

Stock X $

Stock Y $

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Financial Management: You have 12000 to invest in a stock portfolio your choices

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