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You form a 2-stock portfolio by purchasing $19,000 of Stock A and $19,000 of Stock B. If Stock A and Stock B have returns of
You form a 2-stock portfolio by purchasing $19,000 of Stock A and $19,000 of Stock B. If Stock A and Stock B have returns of 17.7% and 7.8%, respectively, over the next year and neither stock pays a dividend, what the dollar value of your portfolio at the end of the year? Round your answer to the nearest dollar.
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