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The $10.00 million mutual fund Henry manages has a beta of 1.2 and a 10.0% required return. The risk-free rate is 4.0%. Henry now receives

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The $10.00 million mutual fund Henry manages has a beta of 1.2 and a 10.0% required return. The risk-free rate is 4.0%. Henry now receives another $10.00 million, which he invests in stocks with an average beta of 0.8. What is the required rate of return on the new portfolio

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