Question: Moving to another question will save this response Question 24 of 25 nt Question 24 10 points Save Answ A mutual fund manager has a

Moving to another question will save this response Question 24 of 25 nt Question 24 10 points Save Answ A mutual fund manager has a 540 million portfolio with a beta of 1.00. The risk free rate is 425%, and the market risk premium is 6.00%. The manager expects to receive an additional S60 million which the plans to invest in additional stocks. After investing the additional funds, she wants the funf's required and expected return to be 13.00%. What must the average beta of the new stocks be to achieve the target required tale of return? 1.85 02.04 168 1.76

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