You have 21000 to invest in a stock portfolio your choices


You have $21,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 10 percent and Stock Y with an expected return of 12.5 percent. If your goal is to create a portfolio with an expected return of 10.95 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations. Round your answer to the nearest dollar, e.g., 32.)

                Amount invested

  Stock X               $

  Stock Y                $

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Financial Management: You have 21000 to invest in a stock portfolio your choices
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