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Edward recently took out a loan for $ 1 8 , 6 0 0 and used the proceeds to invest 6 0 % in stock

Edward recently took out a loan for $18,600 and used the proceeds to invest 60% in stock that pays dividend income and 40% in muncipal bonds which pay interest income. Teh interest expense genearated from teh loan is $820. How much may Edward deduct for the interst expense paid?

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