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Suppose you are the money manager of a $4.48 million investment fund. The fund consists of four stocks with the following investments and betas: If

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Suppose you are the money manager of a $4.48 million investment fund. The fund consists of four stocks with the following investments and betas: If the market's required rate of return is 13% 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. %

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