The $1500 million mutual fund Henry manages has a beta of 12 and a 9.50% required return. The risk-free rate is 4 20% Henry now receives another $10.00 million, which he invests in stocks with an average beta of 0.65 What is the required rate of return on the new portfolio? (Hint: You must first find the market risk premium, then find the new portfolio bota) a. 9.51% b. 8 13% c. 9.05% d. 8.83%