Question: Keep the Highest / 2 7. Problem 6-10 (Portfolio Required Return) CO eBook E Problem Walk-Through Portfolio Required Return Suppose you manage a $3 million

Keep the Highest / 2 7. Problem 6-10 (Portfolio
Keep the Highest / 2 7. Problem 6-10 (Portfolio Required Return) CO eBook E 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 A $150,000 1.50 B 600,000 -0.50 C 750,000 1.25 D 1,500,000 0.75 If the market's required rate of return is 11% and the risk-free rate is 4%, 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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