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You have been managing a $5 million portfolio that has a beta of 1.35 and a required rate of return of 9.425%. 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 return of 9.425%. The current risk-free rate is 2% Assume that you recelve 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 cakculations. Round your answer to two dedimal places. 96

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