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You have a portfolio of two securities, A and B. A has a beta of 0.6 and B has a beta of 4.4. You have

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You have a portfolio of two securities, A and B. A has a beta of 0.6 and B has a beta of 4.4. You have $80 invested in A and $70 invested in B. What is the beta of your portfolio? Your goal is to have $490,000 in 21 years. Given a 9% annual return, if you fund the account once every year with fixed payments (with the first being one year from now; i.e., 21 payments from time nodes 1 to 21), how much would each payment have to be? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.6789, type 12345.68)

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