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You believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional trading costs and tax

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You believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional trading costs and tax liability from active management will cost you about .5%. You have an $800,000 stock portfolio. What is the most you can afford to spend on your research? $16,000$8,000$4,000$12,000

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