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Suppose you are the money manager of a $5.48 million investment fund. The fund consists of four stocks with the following investments and betas: B

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Suppose you are the money manager of a $5.48 million investment fund. The fund consists of four stocks with the following investments and betas: B Stock Investment Beta A $ 340,000 1.50 700,000 (0.50) 1,440,000 1.25 D 3,000,000 0.75 If the market's required rate of return is 13% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % Grade it Now Save & Continue

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