Question: . eBook Problem Walk-Through You have been managing a $5 million portfolio that has a beta of 0.85 and a required rate of return of

 . eBook Problem Walk-Through You have been managing a $5 million

. eBook Problem Walk-Through You have been managing a $5 million portfolio that has a beta of 0.85 and a required rate of return of 8.675%. The current risk-free rate is 4%. Assume that you receive another $500,000. 16 you invest the money in a stock with a bete of 0,65, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations, Round your answer to two deomal places. 10 % 12. 1

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