15. Consider the following information for Stocks A, B, and C. The returns on the three stocks are positively correlated, but they are not perfectly correlated. (That is, each of the correlation coefficients is between 0 and 1.) Stock A Required return 9.55% Standard deviation 15% Beta 0.9 B 10.45 15 1.1 C 12.7 15 1.6 Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 5.5%, and the market is in equilibrium. (That is, required returns equal expected returns.) a) What is the market risk premium? b) What is the beta of Fund P? c) What is the required return of Fund P?