Question: You have $ 2 1 , 2 1 2 . 1 2 to invest in a stock portfolio. Your choices are Stock X with an

You have $21,212.12 to invest in a stock portfolio. Your choices are Stock X with an expected return of 18.22% and Stock Y with an expected return of 9.00%. Your goal is to create a portfolio with an expected return of 16.00%. If all of your money must be invested, what percentage of your $21,212.12 will be invested in Stock X? a.87.82% b.12.18% c.15.92% d.24.08% e. None of the above is within 1%(e.g.,100 basis points) of the percentage that must be invested in Stock X

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