Question: 9. Problem 8.16 (CAPM and Portfolio Return) You have been managing a $5 million portfolio that has a beta of 0,85 and a required rate

 9. Problem 8.16 (CAPM and Portfolio Return) You have been managing

9. Problem 8.16 (CAPM and Portfolio Return) You have been managing a $5 million portfolio that has a beta of 0,85 and a required rate of return of 12 . 22556. The current risk-free rate is 54. Assume that you recelve another $500,000. If you invest the money in a stock with a beta of 1.05 , what will be the reoulired return on your $5.5 million portfolio? Do not round intermediate calculations, Round your answer to two decinal places

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