Suppose you are the money manager of a $3.38 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock	Investment		Beta
A	$ 240,000		1.50
B	300,000		(0.50	)
C	940,000		1.25
D	1,900,000		0.75

If the market's required rate of return is 10% 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.

Chapter 8 - EOC Questions (CNOW) X Assignment: Chapter 8 - EOC Questions (CNOW) Assignment Score: 7.89% Save Submit Assignment for Grading Questions Problem 8.07 (Portfolio Required Return)