Portfolio Required Return Suppose you manage a $3.82 million fund that consists of four stocks with the following investments: Stock Investment Beta A $220,000 1.50 600,000 -0.50 C 1,100,000 1.25 D 1,900,000 0.75 ir the market's required rate of return is 9% and the risk free rate is 4%, what is the fund's required rate of return? Do not round Intermediate calculations. Round your answer to two decimal places