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Clays Ltd decides to invest in a portfolio a proportion Y of the total investment budget so that the overall portfolio will have an expected

Clays Ltd decides to invest in a portfolio a proportion Y of the total investment budget so that the overall portfolio will have an expected return of 15%. (a) What is the proportion Y? (b) If Clays Ltd risky portfolio includes the following investments in the given proportions: Stock A 27%, Stock B 33%, Stock C 40%. Required: Calculate Clays Ltd investment proportions in the three Stocks

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