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5. Problem 8.07 (Portfolio Required Return) Suppose you are the money manager of a $5.08 million investment fund. The fund consists of four stocks with

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5. Problem 8.07 (Portfolio Required Return) Suppose you are the money manager of a $5.08 million investment fund. The fund consists of four stocks with the following investments and betas: If the market's required rate of return is 10% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculs Round your answer to two decimal places. %

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