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

Stock	Dollar investment	Beta
A	$300,000	1.35
B	200,000	1.7
C	300,000	0.85
D	200,000	-0.2
Total investment	$1,000,000

The market's required return is 10% and the risk-free rate is 4%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places.

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