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Suppose you are the money manager of a $4.08 million investment fund. The fund consists of 4 stocks with the following investments and betas: STOCK
Suppose you are the money manager of a $4.08 million investment fund. The fund consists of 4 stocks with the following investments and betas: STOCK INVESTMENT BETA a $480,000 1.50 b 480,000 - 0.50 c 1,220,000 1.25 d 1,900,000 0.75 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
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