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4. Suppose you are the money manager of a $20 million investment fund. The fund invests in 3 stocks with the following investments and betas:

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4. Suppose you are the money manager of a $20 million investment fund. The fund invests in 3 stocks with the following investments and betas: Stock Investment Beta A B $8 million $7 million $5 million 1.50 (0.5) 1.25 If the market's required rate of return is 14% and the risk-free rate is 6%, what is the fund's required rate of return

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