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Suppose you are the money manager of a $3.97 million investment fund. The fund consists of four stocks with the following investments and betas: If

Suppose you are the money manager of a $3.97 million investment fund. The fund consists of four stocks with the following investments and betas:

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If the market's required rate of return is 11% and the risk-free rate is 5%, 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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