25. Problem 8.07 (Portfolio Required Return) eBook Problem Walk-Through Suppose you are the money manager of a $4.86 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 380,000 1.50 800,000 (0.50) 980,000 1.25 D 2,700,000 0.75 If the market's required rate of return is 8% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % Tresnan Brothers is expected to pay a $2.70 per share dividend at the end of the year (j.o., D. - $2.70). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, re, is 8%. What is the stock's current value per share? Round your answer to the nearest cent. $ Holtzman Clothiers's stock currently sells for $15.00 a share. It just paid a dividend of $3.00 a share (.e., Do - $3.00). The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places