Question: eBook Problem Walk-Through Portfolio Required Return Suppose you manage a $3 million fund that consists of four stocks with the following investments! Stock Investment Beta
eBook Problem Walk-Through Portfolio Required Return Suppose you manage a $3 million fund that consists of four stocks with the following investments! Stock Investment Beta $150,000 1.50 450,000 -0.50 900,000 1,500,000 0.75 If the market's required rate of return is 13% and the risk-free rate is 7%, what is the fund's required rate of return? Do not round Intermediate calculations. Round your answer to two decimal places. 1.25
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