Question 12 of 15 Check My Work eBook Problem Walk-Through You have been managing a 55 million portfolio that has a beta of 0.85 and a required rate of return of 8.375%. The current risk-free rate is 2% Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.65, what will be the required return on your $5.5 millon portfolio? Do not round intermediate calculations, Round your answer to two decimal places %