Suppose you are the money manager of a $4.32 million investment fund. The fund consists of four stocks with the following investments and betas: Investment $ 260,000 700,000 Stock Beta A 1.50 B (0.50) 1.25 C D 0.75 If the market's required rate of return is 12% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 1,560,000 1,800,000

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