Question: Problem 5 ( 1 0 points ) You would like to invest $ 2 4 , 0 0 0 and have a portfolio expected return

Problem 5(10 points) You would like to invest $24,000 and have a portfolio expected return of 11.5 percent. You are considering two stocks, IBM and Bank of America. IBM has an expected return of 18.6 percent and BoA has an expected return of 7.4 percent. Approximately how much should you invest in IBM and BoA?

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