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Assume you manage a $10m mutual fund with a beta of 1.05 and a 9.5% required return. The risk free rate is 2.2%. You now

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Assume you manage a $10m mutual fund with a beta of 1.05 and a 9.5% required return. The risk free rate is 2.2%. You now receive another $14.5m, which you invest in stocks with a beta of .65. What is the required return on the new portfolio

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