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You have been managing a 15 million portfolio that has a bete of 1.35 and a required rate of retum of 11.425%. The current risk

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You have been managing a 15 million portfolio that has a bete of 1.35 and a required rate of retum of 11.425%. The current risk free rate is 4 Assume that you receive another $500,000 If you invest the money in a stock with a beta of 1.05, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places 46

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