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You have $12031 to invest in a stock portfolio. Your choices areStock X with an expected return of 14.64 percent and Stock Y withan expected return of 8.86 percent. If your goal is to create aportfolio with an expected return of 12.22 percent, how much money(in $) will you invest in Stock X? Answer to two decimals, carryintermediate calcs. to four decimals.
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