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Please show all calculations on how to solve. Thanks! PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.11 million investment fund. The

image text in transcribedPlease show all calculations on how to solve. Thanks!

PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.11 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 280,000 1.50 B 620,000 (0.50) 1,260,000 1.25 D 1,950,000 0.75 If the market's required rate of return is 11% and the risk-free rate is 7%, 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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