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You want to invest $49,000 in a portfolio with a beta of no more than 1.44 and an expected return of 12.4%. Bay Corp. has

You want to invest $49,000 in a portfolio with a beta of no more than 1.44 and an expected return of 12.4%. Bay Corp. has a beta of 1.16 and an expected return of 11%, and City Inc. has a beta of 1.74 and an expected return of 14.00%. The risk-free rate is 5%. You can invest in Bay Corp. and City Inc. How much will you invest in each?

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