Portfolio Required Return

Suppose you manage a $$4$ million fund that consists of four stocks with the following investments:

Stock Investment Beta

A $$400,0001\mathrm{.}50$

B $800,000-0\mathrm{.}50$

C $1,000,0001\mathrm{.}25$

D $1,800,0000\mathrm{.}75$

If the market's required rate of return is $13\%$ and the risk$-$free rate is $6\%,$ what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

Portfolio Beta

You have a $$2$ million portfolio consisting of a $$100,000$ investment in each of $20$ different stocks. The portfolio has a beta of $1\mathrm{.}2.$ You are considering selling $$100,000$ worth of one stock with a beta of $0\mathrm{.}5$ and using the proceeds to purchase another stock with a beta of $1\mathrm{.}6.$ What will the portfolio's new beta be after these transactions? Do not round intermediate calculations. Round your answer to two decimal places.