7. You have been managing a $5 miliion portfolio that has...

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Finance

7.
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You have been managing a $5 miliion portfolio that has a beta of 1.25 and a required rate of return of 14.375%. The current risk-free rate is 5%. Assume that you recelve another $500,000. If you invest the money in a stock with a beta of 1.45 , what will be the required return on your $5.5 million portfolio? Do not round intermediate caleulations. Round your answer to two decimal places. %

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