PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.3 million investment fund. The fund consists of four stocks with the following…
PORTFOLIO REQUIRED RETURN
Suppose you are the money manager of a $4.3 million investment fund. The fund consists of four stocks with the following investments and betas:
Stock Investment Beta
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If the market’s required rate of return is 13% 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.