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Suppose the global market portfolio of risky assets consists of $60 trillion market capitalization of stocks and $40 trillion outstanding market value of long term

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Suppose the global market portfolio of risky assets consists of $60 trillion market capitalization of stocks and $40 trillion outstanding market value of long term bonds. The risk free rate is 2% and the mean return of the market portfolio is 6%. Suppose you have $100 to invest. Under CAPM, if your target mean return is 4%, how much should you invest in long term bonds? (Nearest $0.01)

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