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You have $18,000 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 11 percent. Assume your goal is to create a portfolio with an expected return of 12.10 percent. Required: How much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Financial Management, Finance

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