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You want your portfolio beta to be 1.80. Currently, your portfolio consists of $50,000 invested in Stock A with a beta of 3.1 and $80,000

You want your portfolio beta to be 1.80. Currently, your portfolio consists of $50,000 invested in Stock A with a beta of 3.1 and $80,000 in Stock B with a beta of 1.70. You have another $70,000 to invest and want to divide it between an asset with a beta of 1.28 and a risk-free asset. What dollar amount should you invest in the risk-free asset?

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