Stock A B Suppose you are the money manager of a $4.14 million investment fund. The fund consists of four stocks with the following investments and betas: Investment Beta $ 460,000 1.50 380,000 (0.50) 900,000 1.25 D 2,400,000 0.75 If the market's required rate of return is 13% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 12.19 %