Quantitative Problem: You are holding a portfolio with the following investments and betas:

Stock	Dollar investment		Beta
A	$200,000		1.25
B	200,000		1.60
C	300,000		0.65
D	300,000		-0.15
Total investment	$1,000,000

The market's required return is 10% and the risk-free rate is 5%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places.

%

Quantitative Problem: You are holding a portfolio with the following investments and betas: The market's required return is 10% and the risk-free rate is 5%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places. %