PORTFOLIO REQUIRED RETURN

Suppose you are the money manager of a $4.05 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock	Investment	Beta
A	$ 200,000	1.50
B	640,000	(0.50)
C	1,460,000	1.25
D	1,750,000	0.75

If the market's required rate of return is 9% and the risk-free rate is 5%, 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 $4.05 million investment fund. The fund consists of four stocks with the following investments and betas: Investment Stock Beta 200,000 1.50 A B 640,000 (0.50) C 1,460,000 1.25 D 1,750,000 0.75 If the market's required rate of return is 9% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places