8.3

Quantitative Problem: You are holding a portfolio with the following investments and betas: Stock Dollar investment Beta $300,000 200,000 500,000 1.15 1.70 0.70 -0.15 Total investment $1,000,000 The market's required return is 9% and the risk-free rate is 5%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places