Suppose you are the money manager of a $5.04 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock	Investment		Beta
A	$ 520,000		1.50
B	400,000		(0.50	)
C	1,220,000		1.25
D	2,900,000		0.75

If the market's required rate of return is 10% 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.

%

An individual has $40,000 invested in a stock with a beta of 0.5 and another $35,000 invested in a stock with a beta of 1.6. If these are the only two investments in her portfolio, what is her portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places.