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Consider the following information for the question. Assume you are using a variable-ratio plan. You have decided that when the speculative portfolio reaches 55% of

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Consider the following information for the question. Assume you are using a variable-ratio plan. You have decided that when the speculative portfolio reaches 55% of the total, you will reduce its proportion to 45%. Wrat action, if any, should you take in time period 2? Explain the difference between constant-ratio rebalancing and variable-ratio rebalancing

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