4. Problem 8.07 (Portfolio Required Return) eBook Problem Walk-Through Suppose you are the money manager of a $4.25 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta B A $ 260,000 1.50 620,000 (0.50) C 1,420,000 1.25 D 1,950,000 0.75 If the market's required rate of return is 9% 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. %