Portfolio Required Return

Suppose you manage a $6 million fund that consists of four stocks with the following investments:

StockInvestmentBetaA$600,0001.50B1,200,000-0.50C2,100,0001.25D2,100,0000.75

If the market's required rate of return is 11% 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.

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