Suppose you held a diversified portfolio consisting of a $7,500 investment each of 20 different common stocks. The portfolio's beta is 1.58. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7,500 and use the proceeds to buy another stock with a beta of 1.58. What would your portfolio's new beta be? Do not round intermediate calculations. Round your answer to two decimal places. Suppose you are the money manager of a $4.43 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 300,000 1.50 B 420,000 (0.50) 1,260,000 1.25 D 2,450,000 0.75 If the market's required rate of return is 13% 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. %