You Have $10,000 to Invest in a Stock Portfolio

Multiple Choice

You have $10,000 to invest in a stock portfolio.Your choices are Stock X with an expected return of 13 percent and Stock Y with an expected return of 8 percent.Your goal is to create a portfolio with an expected return of 12.4 percent.All money must be invested.How much will you invest in stock X?

A) $800
B) $1,200
C) $4,600
D) $8,800
E) $9,200