Hint: Recall that because the market is in equilibrium, the required rate of return is equal to the expected rate of return for each stock. This information implies that the required rate of return for Fund P is approximately Which of the following is the reason why the standard deviation for Fund P is less than 15% ? The stocks in Fund P each have differing standard deviations. The stocks in Fund P are not perfectly correlated. The stocks in Fund P are perfectly correlated. Any two stocks in Fund P have a correlation coefficient of 1