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You have been managing a $5 million portfolio that has a beta of 1.2 and a required rate of return of 12%. The risk-free rate

You have been managing a $5 million portfolio that has a beta of 1.2 and a required rate of return of 12%. The risk-free rate is 4.8%. You now recieve another $1 Million and invest in stocks with an average beta of 0.50. What will be the required rate of return on your new portfolio now?

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