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You invest $12,000 in Facebook stock and $26,000 in Microsoft stock. These are the only stocks in your portfolio. Over the course of one month,
You invest $12,000 in Facebook stock and $26,000 in Microsoft stock. These are the only stocks in your portfolio. Over the course of one month, Facebook has a return of -2% and Microsoft has a return of 8%, and neither stock pays dividends. What is Facebook's NEW portfolio weight at the end of the month? Enter your answer as a decimal and show 4 decimal places.
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