Click here to read the eBook: Risk in a Portfolio Context: The CAPM Click here to read the eBook: The Relationship Between Risk and Rates of Return CAPM AND PORTFOLIO RETURN You have been managing a $5 million portfolio that has a beta of 0.95 and a required rate of return of 11%. The current risk-free rate is 7.00%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.85, what will be the required return on your $5.5 million portfollo? Do not round intermediate calculations. Round your answer to two decimal places. %%