Question: Problem 13-4 Portfolio Expected Return (LO1] You have $26,000 to invest in a stock portfolio. Your choices are Stock x with an expected return of

Problem 13-4 Portfolio Expected Return (LO1] You have $26,000 to invest

Problem 13-4 Portfolio Expected Return (LO1] You have $26,000 to invest in a stock portfolio. Your choices are Stock x with an expected return of 15 percent and Stock Y with an expected return of 11 percent. If your goal is to create a portfolio with an expected return of 13.68 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations and round your answer to the nearest dollar, e.g., 32.) Amount invested Stock X Stock Y

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