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You are building two - asset portfolio out of the risk - free asset and a risky asset, Stock X . The risk - free

You are building two-asset portfolio out of the risk-free asset and a risky asset, Stock X. The risk-free rate is 2%, the expected return on Stock X is 9.2%, and its beta is 0.9. You want the portfolio to have an expected return of 19.6% and a beta of 2.2. You only have $173 to invest. How much do you have to borrow?

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