(Solution) - Elaine has narrowed her investment alternatives to two stocks a -(2025 Original AI-Free Solution)

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Elaine has narrowed her investment alternatives to two stocks (at this time she is not worried about diversifying): Stock M, which has a 23 percent expected return, and Stock Y, which has an 8 percent expected return. If Elaine requires a 16 percent return on her total investment, then what proportion of her portfolio will she invest in each stock?