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

Stock Dollar investment Beta

A $250,000 1.25

B 100,000 1.60

C 300,000 0.80

D 350,000 -0.20

Total investment $1,000,000

The market's required return is 11% 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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