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Suppose you manage a $4.555 milion fund that consists of four stocks with the following investments: Beta 1.50 -0.50 1.25 0.75 Stock Investment $280,000 425,000

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Suppose you manage a $4.555 milion fund that consists of four stocks with the following investments: Beta 1.50 -0.50 1.25 0.75 Stock Investment $280,000 425,000 900,000 2,950,000 If the market's required rate of return is 12% and the risk-free rate is 7%, 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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