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You have saved $30,000 and you want to buy a board lot of shares (100 shares) of Vandalay Industries. Vandalay Industries trades for $475 per

You have saved $30,000 and you want to buy a board lot of shares (100 shares) of Vandalay Industries. Vandalay Industries trades for $475 per share. You will have to borrow money in order to buy that many shares. (You will buy the shares on margin.) What is the portfolio weight of Vandalay Industries in this simple margin portfolio?

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