You have $16,738 to invest in a stock portfolio. Your choices are Stock X with...
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You have $16,738 to invest in a stock portfolio. Your choices are Stock X with an expected return of 17 percent and Stock Y with an expected return of 5 percent. If your goal is to create a portfolio with an expected return of 11.15, how much money will you invest in Stock X? (Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)
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