You have $255,000 to invest in a stock portfolio. Your choices are Stock H, with an expected return of 14 percent, and Stock L, with an expected return of 10.6 percent.
If your goal is to create a portfolio with an expected return of 12.25 percent, how much money will you invest in Stock H and in Stock L? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Investment in Stock H:
Investment in Stock L: