Suppose that the risk-free rate is 2.5% and that the market risk premium is 5%. 1. What is the required return on the market? Round your answer to two decimal places. % 2. What is the required return on a stock with a beta of 1.2? Round your answer to two decimal places. % 3. What is the required return on a stock with a beta of 1.9? Round your answer to two decimal places. % Suppose you manage a $4.035 million fund that consists of four stocks with the following investments: Stock Investment Beta A $320,000 1.50 B 475,000 -0.50 c 940,000 D 2,300,000 0.75 If the market's required rate of return is 13% and the risk-free rate is 4%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 1.25 %