11. Problem 8.07 (Portfolio Required Return) ELIB eBook Problem Walk-Through Suppose you are the money manager of a $4.28 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 420,000 1.50 B 520,000 (0.50) 940,000 1.25 D 2,400,000 0.75 If the market's required rate of return is 10% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %