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Check My Work $(1$ remaining$)$

eBook Problem Walk$-$Through

Suppose you are the money manager of a $$5\mathrm{.}12$ million investment fund. The fund consists of four stocks with the following investments and betas:

Stock Investment Beta

A $ $360,0001\mathrm{.}50$

B $800,000(0\mathrm{.}50)$

C $1,160,0001\mathrm{.}25$

D $2,800,0000\mathrm{.}75$

If the market's required rate of return is $11\%$ and the risk$-$free rate is $4\%,$ what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.