Joel Foster is the portfolio manager of the Go Anywhere Fund, a $3 million hedge fund that contains the following stocks. The required rate of return...

Joel Foster is the portfolio manager of the Go Anywhere Fund, a $3 million hedge fund that contains the following stocks. The required rate of return on the market is 8.75% and the risk-free rate is 2.50%. What rate of return should investors expect (and require) on this fund? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

Stock                                               Amount                                                 Beta

A                                                     $1,075,000                                            1.20

B                                                     $675,000                                               1.50

C                                                     $750,000                                               2.55

D                                                     $500,000                                               1.10

                                                       $3,000,000