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Suppose you are the money manager of a $4.83 million investment fund. The fund consists...

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Finance

Suppose you are the money manager of a $4.83 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock Investment Beta
A $ 220,000 1.50
B 740,000 (0.50)
C 1,220,000 1.25
D 2,650,000 0.75

If the market's required rate of return is 9% and the risk-free rate is 3%, 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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