QUESTION 14 Assume that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 9.50% required return. The risk- free rate is 2.20%. You now receive another $11.50 million, which you invest in stocks with an average beta of 0.65. What is the required rate of return on the new portfolio? (Hint: You must first find the market risk premium then fine the new portfolio beta.) Do not round your intermediate calculations O a. 9.53% . 9.37% O c.8.419 O d. 8.65% Oe 8.01%