## [answered] A portfolio has an expected return of 13.4 percent. This po

A portfolio has an expected return of 13.4 percent. This portfolio contains two stocks and one risk-free security. The expected return on Stock X is 12.2 percent and on Stock Y it is 19.3 percent. The risk-free rate is 4.1 percent. The portfolio value is \$48,000 of which \$10,000 is the risk-free security. How much is invested in Stock X?

Amount

Portfolio Return(%) invested

1

Stock X

Stock Y

Risk free ra Weight

2 3 = 2 / 48000 Weighted avg

4=3*1 Assume &quot;X&quot;

12.2 amount

X/48000

12.2X / 48000

19.3 38000-X

(38000-X ) / 48000...

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This question was answered on: Sep 18, 2020

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