hi there. i have a question and not sure how to solve it. Would you please explain step by step how to calculate. thanks a lot.
You have $10,000 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 13 percent. Your goal is to create a portfolio with an expected return of 14.5 percent.
a) How much money should you invest in Stock X?
Stock X = $
b) How much money should you invest in Stock Y?
Stock Y = $