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3. Nicole owns 200 shares of Stock X which has a price of $15 per share and 100 shares of Stock Y which has a

3. Nicole owns 200 shares of Stock X which has a price of $15 per share and 100 shares

of Stock Y which has a price of $20 per share. What is the proportion of Nicole's

portfolio invested in stock Y?

A. 40%

B. 50%

C. 60%

D. none of the above; the correct answer is

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