Calculate Investment

Calculate Investment

You have $25,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 11.5 percent. If your goal is to create a portfolio with an expected return of 13.15 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations. Round your answer to the nearest dollar, e.g., 32.)

Amount invested
 Stock X
 Stock Y