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EE eBook Problem Walk-Through Suppose you are the money manager of a $4.02 million investment fund. The fund consists of four stocks with the following

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EE eBook Problem Walk-Through Suppose you are the money manager of a $4.02 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 560,000 1.50 B 500,000 (0.50) 960,000 1.25 D 2,000,000 0.75 If the market's required rate of return is 9% and the risk-free rate is 4%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. C %

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