PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.72 million investment fund. The fund...

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PORTFOLIO REQUIRED RETURN
Suppose you are the money manager of a $4.72 million investmentfund. The fund consists of four stocks with the followinginvestments and betas:
Stock Investment Beta
A $   460,000                                 1.50
B 440,000                                 (0.50)
C 1,220,000                                 1.25
D 2,600,000                                 0.75
If the market's required rate of return is 13% and the risk-freerate is 4%, what is the fund's required rate of return? Do notround intermediate calculations. Round your answer to two decimalplaces.

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PORTFOLIO REQUIRED RETURNSuppose you are the money manager of a $4.72 million investmentfund. The fund consists of four stocks with the followinginvestments and betas:StockInvestmentBetaA$ 460,000 1.50B440,000 (0.50)C1,220,000 1.25D2,600,000 0.75If the market's required rate of return is 13% and the risk-freerate is 4%, what is the fund's required rate of return? Do notround intermediate calculations. Round your answer to two decimalplaces.

Stock	Investment	Beta
A	$ 460,000	1.50
B	440,000	(0.50)
C	1,220,000	1.25
D	2,600,000	0.75