Portfolio Required Return Suppose you manage a $4.24 million fund that consists of four stocks...

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Portfolio Required Return Suppose you manage a $4.24 million fund that consists of four stocks with the following investments: Stock Investment Beta $240,000 1.50 650,000 -0.50 1,300,000 1.25 2,050,000 0.75 If the market's required rate of return is 10% and the risk-free rate is 7%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places

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