6. Problem 6.16 (CAPM and Portfolio Return) eBook Problem Wall-Through You have been managing a...

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6. Problem 6.16 (CAPM and Portfolio Return) eBook Problem Wall-Through You have been managing a $5 million portfolio that has a beta of 1.35 and a required rate of return of 14,475%. The current risk-free rate is 3%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 1,65, 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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