Question: Stock Q ' s standard deviation is 5 9 % . Stock P ' s standard deviation is 7 1 % . The two stocks

Stock Q's standard deviation is 59%. Stock P's standard deviation is 71%. The two stocks always move opposite when Q is at its best, P is at its worst and when Q is at its worst, P is at its best. You already own $1000 of Stock Q. To make your portfolio risk-free, how much in dollars do you need to invest in P? Write a positive number to buy Stock P and a negative number to short sell Stock P. Round to the nearest dollar. But, as always, don't include the dollar sign.

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