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I'm confused about this one.... Portfolio Required Return Suppose you manage a $4.6 million fund that...

I'm confused about this one....

Portfolio Required Return

Suppose you manage a $4.6 million fund that consists of four stocks with the following investments:

Stock Investment Beta
A $500,000 1.50
B 350,000 -0.50
C 900,000 1.25
D 2,850,000 0.75

If the market's required rate of return is 9% and the risk-free rate is 4%, 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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