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112 6 Portfolio Returns 22. A fund has a weight of 12% in IBM stock and 88% in other securities. You have $3 million to

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112 6 Portfolio Returns 22. A fund has a weight of 12% in IBM stock and 88% in other securities. You have $3 million to invest and plan to create a portfolio by investing some of your equity in the fund and the rest in risk-free bonds. If you do not want more than 1.5% of your equity invested in IBM, what is the maximum amount of money you should invest in the fund

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