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The standard deviation of annual returns for stock y is 45%. The standard deviation of annual returns for stock Z is 78%. The correlation between

The standard deviation of annual returns for stock y is 45%. The standard deviation of annual returns for stock Z is 78%. The correlation between the two stocks return is +1. If you decide to buy $4500 worth of stock Z figure out how much of stock why you need to buy or sell in order to create a net short hedge portfolio then for your answer type the initial value of the portfolio

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