Suppose you are the money manager of a $5.14 million investment fund. The fund consists of...

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Suppose you are the money manager of a $5.14 million investmentfund. The fund consists of four stocks with the followinginvestments and betas:
Stock Investment Beta
A $ 420,000 1.50
B 700,000 (0.50 )
C 1,020,000 1.25
D 3,000,000 0.75
If the market's required rate of return is 13% and the risk-freerate is 5%, what is the fund's required rate of return? Do notround intermediate calculations. Round your answer to two decimalplaces.
%

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a Calculationof portfolio betaThe beta of a portfolio is the weighted average beta of thesecurities See Answer

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Suppose you are the money manager of a $5.14 million investmentfund. The fund consists of four stocks with the followinginvestments and betas:StockInvestmentBetaA$ 420,0001.50B700,000(0.50)C1,020,0001.25D3,000,0000.75If the market's required rate of return is 13% and the risk-freerate is 5%, what is the fund's required rate of return? Do notround intermediate calculations. Round your answer to two decimalplaces.%

Stock	Investment	Beta
A	$ 420,000	1.50
B	700,000	(0.50	)
C	1,020,000	1.25
D	3,000,000	0.75