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Suppose you manage a $4.055 million fund that consists of four stocks with the following investments: If the market's required rate of return is 12%

Suppose you manage a $4.055 million fund that consists of four stocks with the following investments: If the market's required rate of return is 12% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %

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