Problem:
You have $14,000 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 8 percent. Assume your goal is to create a portfolio with an expected return of 11.35 percent.
Required:
Question: How much money will you invest in Stock X and Stock Y?
Note: Please describe comprehensively and provide step by step solution.