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% eBook Problem Walk-Through Suppose you are the money manager of a $5.12 million investment fund. The fund consists of four stocks with the following

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eBook Problem Walk-Through Suppose you are the money manager of a $5.12 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 360,000 1.50 B 800,000 C D 1,260,000 2,700,000 (0.50) 1.25 0.75 If the market's required rate of return is 13% 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. %

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