Consider the following information for three stocks, Stocks A, B, and 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 Expected Return Standard Deviation Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 5%, and the market 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 Open spreadshee the market risk premium your answer to two decimal plac b. What is the beta of Fund P? Do not round intermediat tions. Round your answer to S the wind turn your answer to two decimal FORED2 Donat d. Would you expect the standard qual to 14%, or greater than 14% I. ess than 14% II. greater than 14 IC D E F G H CAPM, portfolio risk, and return w Pask-Free Rate, IRF 5.00% Formula Formula Formula 6 7 Expected Return Standard Deviation Beta StockA 8.15% 14.00% 0.70 Stock B 10.40% 14.00% 120 Stock C 12 20% 14.00% 1.60 10 Market Risk Premium, RPM % Stock in Fund P 0.333333 0.333333 0.333333 Beta of Fund P NA Required Return of Fund P 3868BEUSE Expected Return of Fund P