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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: Stock

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:

Stock Investment Beta
A $ 460,000 1.50
B 300,000 (0.50)
C 1,020,000 1.25
D 2,700,000 0.75

If the market's required rate of return is 10% 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.image text in transcribed

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: Stock Investment Beta A $ 460,000 1.50 B 300,000 (0.50) 1,020,000 1.25 D 2,700,000 0.75 If the market's required rate of return is 10% 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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