Problem Walk$-$Through

Portfolio Required Return

Suppose you manage a $$2$ million fund that consists of four stocks with the following investments:

$\backslash$table$[[$Stock$,$Investment,Beta$],[$A$,$$$200,000,1\mathrm{.}50],[$B$,500,000,-0\mathrm{.}50],[$C$,700,000,1\mathrm{.}25],[$D$,600,000,0\mathrm{.}75]]$

If the market's required rate of return is $17\%$ 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.

$\%$