24. Stock X has an expected return of 12 percent, a beta of 1.2, and a standard deviation of 20 percent. Stock Y has an expected return of 10 percent, a beta of 1.2, and a standard deviation of 15 percent. Portfolio P has $900,000 invested in Stock X and $300,000 invested in Stock Y. The correlation between Stock X's returns and Stock Y's returns is zero (that is, r = 0). Which of the following statements is most correct? * O a) Portfolio P's expected return is 11.5 percent. Ob) Portfolio P's standard deviation is 18.75 percent. OC) Portfolio P's beta is less than 1.2. O d) Statements a and b are correct. O e) None of the above 23. You are considering an investment in Tata's stock, which is expected to 2 pay a dividend of $5.50 a share at the end of the year (D1 = $5.50) and has a beta of 0.9. The risk-free rate is 5.6%, and the market risk premium is 6%. Tata currently sells for $30.00 a share, and its dividend is expected to grow at some constant rate g. Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years?* O a) $32.32 O b) $78.00 c) $27.32 d) $0 e) None of the above of 12 nercent, a beta of 1.2. and a