Problem
You have $15,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 9 percent.
Task
1. If your goal is to create a portfolio with an expected return of 10.2 percent, how much money will you invest in Stock X?
2. If your goal is to create a portfolio with an expected return of 10.2 percent, how much money will you invest in Stock Y?