Suppose you are the money manager of a $4.62 million investment fund. The fund consists of four stocks with the following investments and betas:

If the market's required rate of return is 9% 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.

Save Submit Assignment for Grading Questions Problem 8.07 (Portfolio Required Return) Question 5 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Suppose you are the money manager of a $4.62 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $360,000 1.50 500,000 (0.50 ) 1,260,000 1.25 2,500,000 0.75 If the market's required rate of return is 9% 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. 0 bong 11. 12. 13. 14. 15. O 0 O o 16. Check My Work (3 remaining) 18. 0= Icon Key 19. O A-Z Problem 8.07 (Portfolio Required Return) Question 5 of 20