Suppose you are the money manager of a $4.82 million investment fund. The fund consists of four stocks with the following investments and betas:

StocksInvestmentBeta

A$460,0001.50

B$500,000(0.50)

C$1,260,0001.25

D$2,600,0000.75

If the market's required rate of return is 8% and the risk-free rate is 4%, what is the fund's required rate of return?

Suppose you are the money manager of a $4.82 million investment fund. The fund consists of four stocks with the following investments and betas: