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You have $120,000 to invest in a portfolio containing Stock X. Stock Y, and a risk-free asset. You must invest all of your money. Your

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You have $120,000 to invest in a portfolio containing Stock X. Stock Y, and a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 19 percent and that has only 70 percent of the risk of the overall market. If X has an expected return of 40 percent and a beta of 1.5,Y has an expected return of 19.5 percent and a beta of 1.4 , and the risk-free rate is 4 percent, how much money will you invest in Stock Y ? (Round your answer to 2 decimal places. Omit the "\$" sign in your response.)

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