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4. Problem 8.07 (Portfolio Required Return) 3 eBook Problem Walk-Through Suppose you are the money manager of a $4.68 million investment fund. The fund consists

4. Problem 8.07 (Portfolio Required Return) 3 eBook Problem Walk-Through Suppose you are the money manager of a $4.68 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 340,000 1.50 500,000 (0.50) 940,000 1.25 D 2,900,000 0.75 If the market's required rate of return is 11% 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. B %

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