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You are considering investing $100,000 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 3% and a risky portfolio, P,

You are considering investing $100,000 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 3% and a risky portfolio, P, constructed with two risky securities, X and Y. The weight of security X in portfolio P is 57%. Security X has an expected rate of return of 16%, and Y has an expected rate of return of 21%. If you decide to hold a complete portfolio that has an expected return of 10%, find the dollar value invested in asset X. (Do not round your intermediate calculations. Round your final answer to the nearest dollar.)

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