Problem $8\mathrm{.}07($Portfolio Required Return$)$

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Suppose you are the money manager of a $$4\mathrm{.}98$ million investment fund. The fund consists of four stocks with the following investments and betas:

If the market's required rate of return is $13\%$ and the risk$-$free rate is $5\%,$ what is the fund's required rate of return? Do not round intermediate

calculations. Round your answer to two decimal places.