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If you manage a $13 million dollar hedge fund that has a beta of 1.5 and a 9.50% required return. The risk-free rate is 2.20%.

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If you manage a $13 million dollar hedge fund that has a beta of 1.5 and a 9.50% required return. The risk-free rate is 2.20%. You now receive another $8 million, which you invest in stocks with an average beta of 0.5. What is the new required rate of return on the new portfolio

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