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Problem Walk-Through You have been managing a $5 million portfolio that has a beta of 0.85 and a required rate of return of 6.825%. The

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Problem Walk-Through You have been managing a $5 million portfolio that has a beta of 0.85 and a required rate of return of 6.825%. The current risk-free rate is 3%. Assume that Not Answered you receive another $500,000. If you invest the money in a stock with a beta of 0.55, what will be the required return on your $5,5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places. B eBook

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