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C B eBook Problem Walk-Through Suppose you are the money manager of a $4.18 million investment fund. The fund consists of four stocks with

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C B eBook Problem Walk-Through Suppose you are the money manager of a $4.18 million investment fund. The fund consists of four stocks with the following investments and betas: A-Z Office 9 % Stock Investment Beta A $ 340,000 1.50 B 600,000 (0.50) C D 1,440,000 1,800,000 1.25 0.75 If the market's required rate of return is 11% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. N

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