Suppose you manage a $4.165 MING TON Stock Investment Beta A $400,000 1.50 B 625,000 -0.50 1,340,000 1.25 1,800,000 0.75 C D If the market's required rate of return is 11% 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.