Suppose you are the money manager of a $3.88 million investment fund. The fund consists of...
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Suppose you are the money manager of a $3.88 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 540,000 1.50 B 400,000 (0.50) C D 1,140,000 1,800,000 1.25 0.75 If the market's required rate of return is 9% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % Suppose you are the money manager of a $3.88 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 540,000 1.50 B 400,000 (0.50) C D 1,140,000 1,800,000 1.25 0.75 If the market's required rate of return is 9% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %
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