Assume that you are the portfolio manager of the STEVE Co Funds, a $6 million equity portfolio fund that contains the four stocks listed below. The current risk-free rate is 2.00% and given investors current level of risk aversion the required rate of return on the market is 11.00%. What rate of return should investors expect (and require) on this fund? Do not round your intermediate calculations.

Stock		Amount		Beta
A		$2,150,000		1.20
B		$1,350,000		0.50
C		$1,500,000		1.40
D		$1,000,000		0.75