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Consider the following information for three stocks, Stocks A , B , and C . The returns on the three stocks are positively correlated, but

Consider the following information for three stocks, 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.)StockExpected ReturnStandard DeviationBetaA8.58%16%0.7B10.34161.1C12.10161.5Fund 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.) The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.
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