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The market is expected to yield 12% and the risk free rate is 2%. You currently hold a portfolio with a beta of 0.75 worth

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The market is expected to yield 12% and the risk free rate is 2%. You currently hold a portfolio with a beta of 0.75 worth $43,200. You want to re-allocate your assets by investing in another portfolio with a beta of 2.9. How much will you have to invest in this new risky asset so that the resulting portfolio will have an expected return of 16% ? HINT: the value of your porfolio will remain unchanged, you just take money away from one asset to add it to the other. answer in $ not in percentage

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