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Assume that you are holding the following portfolio: Amount Invested Stock X $40,000 Beta = 2 Stock Y $25,000 Beta = 3 Stock Z

Assume that you are holding the following portfolio: Amount Invested Stock X $40,000 Beta = 2 Stock Y $25,000 Beta = 3 Stock Z $35,000 Beta = 4 If the risk-free rate of return is 3% and the market risk premium is 8%, what is the required return on the portfolio?

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