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Glay has a $20,000 portfolio which is invested in Stocks X and Y, and a risk-free asset. $8,000 is invested in Stock X. Stock X
Glay has a $20,000 portfolio which is invested in Stocks X and Y, and a risk-free asset. $8,000 is invested in Stock X. Stock X has a beta of 1.50 and Stock Y has a beta of 0.80. How much needs to be invested in Stock Y if Glay wants a portfolio with a risk level equivalent to that of the overall market?
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