Question: Tim has $ 4 2 , 0 0 0 to invest in a stock portfolio. His choices are Stock P with an expected return of

Tim has $42,000 to invest in a stock portfolio. His choices are Stock P with an expected return of 20% and
Stock Q with an expected return of 12%. His goal is to create a portfolio with an expected of 15%. He will
invest all his money in Stock P and Stock Q.
How much will he invest in Stock P($)? Round-off your answer to an integer.
[Hint: Let x be the weight of Stock P.]
Tim has $42,000 to invest in a stock portfolio. His choices

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