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You have been managing a $3 million portfolio which has a beta of 1. 5 and required rate of return of 10%. The current risk-free

You have been managing a $3 million portfolio which has a beta of 1. 5 and required rate of return of 10%. The current risk-free rate is 4%. Assume that you receive another $1 million. If you invest this money in a stock with beta 0.8, what will be the required rate of return on your $4 million portfolio

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