Question: Attempts Keep the Highest / 1 7. Problem 8.07 (Portfolio Required Return) elook Problem Walk Through Suppose you are the money manager of a $4.38
Attempts Keep the Highest / 1 7. Problem 8.07 (Portfolio Required Return) elook Problem Walk Through Suppose you are the money manager of a $4.38 million investment fund. The fund consists of four stocks with the following investments and beas: Stock Investment $540,000 1.50 B 300,000 (0.50) 1.540,000 1.25 D 2.000.000 0.75 If the market's required rate of return is 9% and the risk-free rate is 6%, 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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