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3. Problem 8.17 (Portfolio Beta) B eBook Problem Walk-Through A mutual fund manager has a $20 million portfolio with a beta of 2.6. The risk-free

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3. Problem 8.17 (Portfolio Beta) B eBook Problem Walk-Through A mutual fund manager has a $20 million portfolio with a beta of 2.6. The risk-free rate is 5.5, and the market is premium is 5%. The manager expects to receive an additional $5 million, which she plans to invest in a number of stocks. After investing the additional funds, she wants the fund's required return to be 18 What should be the average bets of the new stocks added to the portfolio? Negatve value, I am, should be Indicated by a minus son. Do not round intermediate calculators. Round your answer to one decimal place

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