portfolio required return suppose you manage a $4.145

Portfolio Required Return Suppose you manage a $4.145 million fund that consists of four stocks with the following investments: Stock Investment Beta A $400,000 1.50 B 575,000 -0.50 1,020,000 1.25 0.75 2,150,000 If the market's required rate of return is 12 % 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