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Suppose you are the money manager of a $5.74 million investment fund. The fund consists of four stocks with the following investments and betas: Investment Stock Beta A $ 520,000 B 800,000 1,520,000 2,900,000 1.50 (0.50) 1.25 0.75 C D 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. %