Portfolio Required Return Suppose you manage a $2 million fund that consists of four stocks with the following investments

eBook Portfolio Required Return a Problem Walk-Through Suppose you manage a $2 million fund that consists of four stocks with the following investments: Stock Investment $200,000 400,000 700,000 700,000 If the market's required rate of return is 8% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round -0.50 1.25 0.75 intermediate calculations. Round your answer to two decimal places.