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, exch of the correfation coerficients is between 0 and 1.) Fund P has one-third of its funds invested in each of the three stocks: The risk-free rate is 5%, and the market is in equilibrium, (That is, required returns equal expected returns.) The data has been colbected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spread shet If What is the morket risk premium (rMrny) ? Round your answer to two decimal places. b. What is the beta of Fund P? Do not round intermediate calculations. Round your answer to two decimal places. c. What is the required return of Fund P? Do not round intermediate calculations. Round your answer to two decimal places. 6. d. Would you expect the standard deviation of fund P to be less than 16%, equal to 16%, or greater than 16% ? 1. less than 16% II. grester than 16% III. equal to 16%