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If the market's required rate of return is 13% and the risk-free rate is 3%, what is the fund's required rate of return? Do not
If the market's required rate of return is 13% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
Portfolio required return
Suppose you are the money manager of a $4.59 million investment fund. The fund consists of four stocks with the following investments and betas:
| Stock | Investment | Beta |
| A | $ 260,000 | 1.50 |
| B | 360,000 | - 0.50 |
| C | 1,220,000 | 1.25 |
| D | 2,750,000 | 0.75 |
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