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A mutual fund manager has a $ 2 0 million portfolio with a beta of 2 . 4 . The risk - free rate is
A mutual fund manager has a $ million portfolio with a beta of The riskfree rate is and the market risk premium is The manager expects to receive an additional $ 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 What should be the average beta of the new stocks added to the portfolio? Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to one decimal place.
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