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You have been managing a $ 5 million portfolio that has a beta of 0 . 9 5 and a required rate of return of
You have been managing a $ million portfolio that has a beta of and a required rate of return of The current riskfree rate is Assume that you receive another $ If you invest the money in a stock with a beta of what will be the required return on your $ million portfolio? Do not round intermediate calculations. Round your answer to two decimal places.
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