Quantitative Problem: You are holding a portfolio with the following investments and betas:
StockDollar investmentBeta A$200,0001.2B100,0001.7C300,0000.85D400,000-0.2Total investment1,000,000
The market's required return is 9% and the risk-free rate is 3%. What is the portfolio's required return? Round your answer to 3 decimal places. Do not round intermediate calculations.