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Suppose you are the money manager of a $ 3 . 5 4 million investment fund. The fund consists of four stocks with the following

Suppose you are the money manager of a $3.54 million investment fund. The fund consists of four stocks with the following investments and betas:StockInvestmentBetaA$ 220,0001.50B400,000(0.50)C1,220,0001.25D1,700,0000.75If the market's required rate of return is 13% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %

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