Assume that you manage a $25.00 million mutual fund that has a beta of 1.18 and a 12.25% required return. The risk-free rate is 2.40%. You now receive another $15.00 million, which you invest in stocks with an average beta of 0.80. What is the required rate of return on the new portfolio? Do not round your intermediate calculations. T T T F Paragraph 3 (12pt) T % DOO T* T fx Mashups Arial ABC HTML CSS Path: P Words:0