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You have $150,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected

You have $150,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 13 percent. If Stock X has an expected return of 10.7 percent and a beta of 1.1 and Stock Y has an expected return of 7.5 percent and a beta of 0.9, how much money will you invest in Stock Y? How do you interpret your answer? What is the beta of your portfolio? Shows all the step and formula. Don't round off until you get the answer.

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