Quantitative Problem: You are holding a portfolio with the following investments and betas: Stock A B C D Dollar investment Beta $200,000 1.35 100,000 1.70 400,000 0.70 300,000 -0.30 $1,000,000 Total investment The market's required return is 11% 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. * %