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:

Problem Walk-Through ook 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 560,000 A 1.50 400,000 (0.50) 1,560,000 C 1.25 2,100,000 0.75 If the market's required rate of return is 8% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places