Joel Foster is the portfolio manager of the Go Anywhere Fund, a $$3$ million hedge fund that contains the following stocks. The required rate of return on the market is $8\mathrm{.}75\%$ and the risk$-$free rate is $2\mathrm{.}50\%.$ What rate of return should investors expect $($and require$)$ on this fund? Enter your answer rounded to two decimal places. Do not enter $\%$ in the answer box. For example, if your answer is $0\mathrm{.}12345$ or $12\mathrm{.}345\%$ then enter as $12\mathrm{.}35$ in the answer box.

Stock

Amount

Beta

A

$$1,075,000$

$1\mathrm{.}20$

B

$675,000$

$1\mathrm{.}50$

C

$750,000$

$2\mathrm{.}75$

D

$500,000$

$1\mathrm{.}10$

$$3,000,000$