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Walk-Through Suppose you are the money manager of a $5.06 million investment fund. The fund consists of four stocks with the following investments and betas:

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Walk-Through Suppose you are the money manager of a $5.06 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 580,000 1.50 B 300,000 (0.50) 1,280,000 1.25 D 2,900,000 0.75 If the market's required rate of return is 11% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 10.28 96

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