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You have been managing a $2 million portfolio that has a beta of 1.2 and a required rate of return of 14%. The current risk-free

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You have been managing a $2 million portfolio that has a beta of 1.2 and a required rate of return of 14%. The current risk-free rate is 4%. Assume that you receive another 1,000,000. If you invest the money in a stock with a beta of.9, what will be the required rate of return on your portfolio? 13.17% 11.58% 12.24% 12.87% 10.88%

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