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Consider the following information for three stocks, Stocks A,B, and C. The returns on the three stocks are positvely correlated, but they are not perfectly

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Consider the following information for three stocks, Stocks A,B, and C. The returns on the three stocks are positvely correlated, but they are not perfectly correlated. (That is, each of the correlation coefficients 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, roquired returns equal expected returns.) The data has been coliected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analyals to answer the questions below. Open spreadsheet a. What is the market risk premium (rM+rM) ? Round your answer to two decimal places. b. What is the beta of fund P? Do not round intermediate calculations. flound your answer to two decimal ploces

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