ABC Company holds a well-diversified portfolio in the amount of $90,000 that has an expected return of 11.0% and a beta of 1.23. It is buying 1,000 shares of DEF Company stock at $10 a share and adding them to its portfolio. DEF Company has an expected return of 13.0% and a beta of 1.63. Currently, the risk free rate is 3.5%, and the stock market return is 8.2%. What will the required rate of return on the new portfolio be after the purchase of DEF stock? (Hint: Compute a new portfolio beta first and then use the CAPM.) 9.22% 09.31% 9,47% 9.14% O 9.05%