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eBook Video Portfolio Required Return Suppose you manage a $3 million fund that consists of four stocks with the following investments: Stock Investment Beta A

eBook Video

Portfolio Required Return

Suppose you manage a $3 million fund that consists of four stocks with the following investments:

Stock Investment Beta
A $450,000 1.50
B 750,000 -0.50
C 900,000 1.25
D 900,000 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.?

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