3. You have the following information about two stocks: Expected return Standard deviation Beta Beyonce, Inc. 14.1% 9% 1.3 Jay Z, Ltd. 9.2% 7% 0.6 Assume you invest 70% of your funds in Beyonce and 30% in Jay Z, and the correlation of returns between the two is 0.4. Calculate the expected return, standard deviation, and beta of this portfolio. . Calculate what happens to the expected return, standard deviation, and beta of the portfolio if the correlation of returns between the stocks is a) 1.0, b) 0.0, and c)-1.0