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You have $130,000 to invest in a portfolio containing Stock X, Stock Y, and a risk-free asset. You must invest all of your money. Your

You have $130,000 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 14 percent and that has only 77 percent of the risk of the overall market. If X has an expected return of 28 percent and a beta of 1.4, Y has an expected return of 22 percent and a beta of 1.6, and the risk-free rate is 8 percent, how much money will you invest in Stock Y? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) SHOW ALL WORK AND NO WRONGS ANSWERS OR YOU WILL BE REPORTED TO CHEGG!

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You have $130,000 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 14 percent and that has only 77 percent of the risk of the overall market. If X has an expected return of 28 percent and a beta of 1.4, Y has an expected return of 22 percent and a beta of 1.6, and the risk-free rate is 8 percent, how much money will you invest in Stock Y? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) 561,889 Amount

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