Beta PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.6 million investment fund. The fund consists of four stocks with the following investments and betas: Investment $ 420,000 1.50 780,000 (0.50) 900,000 1.25 2,500,000 0.75 If the market's required rate of return is 12% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. Stock B D