FIN 305 – You have $12,000 to invest in a stock portfolio

Subject: Business    / Finance
Question

You have $12,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 11 percent and Stock Y with an expected return of 8.0 percent. If your goal is to create a portfolio with an expected return of 9.59 percent, how much money will you invest in Stock X and Stock Y?

Amount invested
Stock X    $
Stock Y    $