Question: You are constructing a two stock portfolio based on the information provided below. What dollar amount will you invest in each stock to achieve the
You are constructing a two stock portfolio based on the information provided below. What dollar amount will you invest in each stock to achieve the desired return goal?
Stock XStock YExpected Return14.0%9.0%
Goal Return of Portfolio:12.90%
Dollar Amount to Invest:$10,000
Group of answer choices
a. X = $2,200; Y = $7,800
b. X = $7,800; Y = $2,200
c. X = $6,800; Y = $3,200
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