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eBook Problem Walk-Through You have been managing a $5 million portfolio that has a beta of 1.15 and a required rate of return of 7.175%. The current risk-free rate is 2%. Assume tha you receive another $500,000. If you invest the money in a stock with a beta of 1.45, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places. % eBook Carnes Cosmetics Co.'s stock price is $42, and it recently paid a $1.00 dividend. This dividend is expected to grow by 21% for the next 3 years, then grow forever at a constant rate, g; and rs = 11%. At what constant rate is the stock expected to grow after Year 3? Do not round intermediate calculations. Round your answer to two decimal places. %