:onsider the following information for stocks A,B, and C. The returns on the three stocks are positively correlated, but they are not perfertily correlated. (That is, each of the iorreiation coeffieients 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 5.5%, and the market is in equilibrium. (That is, required returns equal expected returns a. What is the market risk premium (fymg) ? Round your answer to one decimal place. b. What is the beta of Fund P ? Do not round intermediate calculations. Round your answer to two decimal ploces. c. What is the required return of Fund P? Do not round intermediate calculations. Round your answer to two decimal placer. d. What would you expect the standard deviation of Fund P to be? 1. Less than 14% II. Greater than 14% III. Equal to 14%