ebook Problem Walk-Through A mutual fund manager has a $20 million portfolio with a beta or 14 The free rate is 3.5%, and the market is premium is 9%. The manager expects to receive an additional 15 milion, which she plans to invest in a number of stocks. After investing the additional funds, she wants the lund's required return to be 17%. What should be the average beta of the new stocks added to the portfolio? Negative value, if any, should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to one decimal place