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Problem 6 ( 2 points): You believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the

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Problem 6 ( 2 points): You believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional trading costs and tax liability from active management will cost you about . 5%. You have an $800,000 stock portfolio. What is the most you can afford to spend on your research

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