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Suppose you are the money manager of a $ 4 . 6 6 million investment fund. The fund consists of four stocks with the following

Suppose you are the money manager of a $4.66 million investment fund. The fund consists of four stocks with the following investments and betas:
Stock Investment Beta
A $ 280,0001.50
B 500,000(0.50)
C 980,0001.25
D 2,900,0000.75
If the market's required rate of return is 8% 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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