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ortfolio required return Suppose you are the money manager of a $4.26 million investment fund. The fund consists of four stocks with the following investments

ortfolio required return

Suppose you are the money manager of a $4.26 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock Investment Beta
A $ 440,000 1.50
B 660,000 - 0.50
C 1,060,000 1.25
D 2,100,000 0.75

If the market's required rate of return is 11% 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. %

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