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The standard deviation of annual returns for Stock Y is 45%. The standard deviation of...

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Accounting

The standard deviation of annual returns for Stock Y is 45%. The standard deviation of annual returns for Stock Z is 71%. The correlation between the two stocks' returns is +1. If you decide to buy $4500 worth of Stock Z, figure out how much of Stock Y you need to buy or sell in order to create a net-short hedge portfolio. Then, for your answer, type the initial value of the portfolio. Since the portfolio is net-short, type your answer as a negative number.

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