Fund P has one$-$third of its funds invested in each of the three stocks. The risk$-$free rate is $5\mathrm{.}5\%,$ 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

Stock Expected Return Standard Deviation Beta

A $9\mathrm{.}0615\%0\mathrm{.}8$

B $10\mathrm{.}84151\mathrm{.}2$

C $12\mathrm{.}62151\mathrm{.}6$

What is the market risk premium $($rM $-$ rRF$)?$ Round your answer to two decimal places.

fill in the blank $2\%$

What is the beta of Fund P$?$ Do not round intermediate calculations. Round your answer to two decimal places.

fill in the blank $3$

What is the required return of Fund P$?$ Do not round intermediate calculations. Round your answer to two decimal places.

fill in the blank $4\%$

Would you expect the standard deviation of Fund P to be less than $15\%,$ equal to $15\%,$ or greater than $15\%?$

less than $15\%$

greater than $15\%$

equal to $15\%$