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You have been managing a $5 million portfolio that has a beta of 110 and a required rate of return of 16%. The current nsk.free

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You have been managing a $5 million portfolio that has a beta of 110 and a required rate of return of 16%. The current nsk.free rate is 5.50% Assume that you receive another 3500.000, you invest the money in a stock with a beta of 1.90, 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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