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You have been managing a 55 million portfolio that has a beta of 1.35 and a required rate of return of 16.4754. The current is

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You have been managing a 55 million portfolio that has a beta of 1.35 and a required rate of return of 16.4754. The current is free rates Assume that you receive another $500,000. If you invest the money in a stock with a bea of 1.05, what will be the required return on your 55.5 million portfolio Do not round Intermediate calculations. Round your answer to two decimal places

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