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 3%. You now receive 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?

A)11.7%

B)11.5%

C)11.1%

D)10.9%

E) 11.3%