You have $20,000 to invest in a stock portfolio. Your choices are Stock X with...
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Finance
You have $20,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with an expected return of 6 percent. If your goal is to create a portfolio with an expected return of 12.3 percent, how much ($) will you need to invest in Stock X and Stock Y?
$amount in Stock X: _____
$amount in Stock Y: _____
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