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You manage a $20M mutual fund that has a beta of 1.78 and a 10.37% expected return. The risk- free rate is 3.00%. You now

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You manage a $20M mutual fund that has a beta of 1.78 and a 10.37% expected return. The risk- free rate is 3.00%. You now receive an additional $5M, which you invest in stocks with an average beta of 0.71. %. Answer in percentage, rounded to two The expected return of the new portfolio is decimal places

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