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You have been managing a $5 million portfolio that has a beta of 1.35 and a required rate of retum of 7,725%, The current risk-free

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You have been managing a $5 million portfolio that has a beta of 1.35 and a required rate of retum of 7,725%, The current risk-free rate is 3%. Assume that you receive another $500,000. If you invest the maney in a stock with a beta of 1.15, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places

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