Suppose you are the money manager of a $4.02 million investment fund. The fund consists of four stocks with the following investments and betas Stock Investment Beta A $ 260,000 1.50 B 300.000 (0.50) c 1,460,000 1.25 D 2,000,000 0.75 Motivating gagi t the market's required rate of retum is 9% 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