You have $21,600 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.3 percent and Stock Y with an expected return of 8.1 percent. Your goal is to create a portfolio with an expected return of 12.5 percent. All money must be invested. How much will you invest in Stock X? O $15,800 O $18,273 O $14,600 O $15,329

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter2: Risk And Return: Part I
Section: Chapter Questions
Problem 15MC
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You have $21,600 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.3 percent and Stock Y
with an expected return of 8.1 percent. Your goal is to create a portfolio with an expected return of 12.5 percent. All money
must be invested. How much will you invest in Stock X?
O $15,800
O $18,273
O $14,600
O $15,329
A Moving to another question will save this response.
Question 6 of 30> >
Transcribed Image Text:You have $21,600 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.3 percent and Stock Y with an expected return of 8.1 percent. Your goal is to create a portfolio with an expected return of 12.5 percent. All money must be invested. How much will you invest in Stock X? O $15,800 O $18,273 O $14,600 O $15,329 A Moving to another question will save this response. Question 6 of 30> >
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