Question: 25. Problem 8.07 (Portfolio Required Return) ELE eBook Problem Walk-Through Suppose you are the money manager of a $5.18 million investment fund. The fund consists

 25. Problem 8.07 (Portfolio Required Return) ELE eBook Problem Walk-Through Suppose

25. Problem 8.07 (Portfolio Required Return) ELE eBook Problem Walk-Through Suppose you are the money manager of a $5.18 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 540,000 1.50 B 500,000 (0.50) 1,440,000 1.25 D 2,700,000 0.75 If the market's required rate of return is 11% 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

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