Suppose you are the money manager of a $4.76 million investment fund. The fund consists of four stocks with the following investments and betas: D 0 Stock Investment Beta $ 280,000 1.50 600,000 (0.50) 980,000 1.25 2,900,000 0.75 If the market's required rate of return is 9% and the risk-free rate is 4%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 0 0