2. (25 points) Consider the following annual information for Stocks X and Y, the market portfolio, and the risk free rate: Securty ERI Cttion 10004 0.00 M 17% 25% --Com MI 10% 20% Correlation! R. 1.00 Rr--RM 0.30 1.00 8% Rx Ry RM Rrt 0.80 1.00 0.00 0.00 0.00 1.00 rf 3% Consider Portfolio P that consists of 60% Stock X and 40% Stock Y Compute Portfolio P's expected return and standard deviation, ELR,) and a. Etor) b. Compute CAPM betas for Stock X, Stock Y, and Portfolio P: Bx. By. Bp According to CAPM, what is the required return on Portfolio P? Is Portfolio P overpriced, underpriced, or fairly priced? c