The 510.00 million mutual fund Henry manages has a beta of 1,05 and a 9.50% required retum. The risk-free rate is 4.20%. Henry now recelves anothor 55.00 milion, 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 nisk premium, then find the new portfollo beta.) a. 9.51% b. 9.74% c. 9.27% d. 9.05% 0. 8.83%