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

Stock Dollar investment Beta

A $300,000 1.35

B 150,000 1.5

C 500,000 0.75

D 50,000 -0.25

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? Round your answer to 3 decimal places. Do not round intermediate calculations.

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