eBook Problem Walk-Through Suppose you are the money manager of a $4.16 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock Investment Beta A $ 480,000 1.50 B 400,000 (0.50 ) C 1,380,000 1.25 D 1,900,000 0.75

If the market's required rate of return is 12% 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. %