Provide your answers and show your work. 2. XYZ Co has 15,000 shares of common stocks. The stock has a standard deviation of return of 9.39%. A stock market index has a standard deviation of return of 6.84%. The correlation coefficient between stock return and stock stock index return is 0.93. The stock is expected to pay dividend of $3 in one year and $3 in two years. Its expected price in two years is $60. The risk- free rate is 3%. The stock market index has an expected return of 12% a. Estimate the beta of the stock. Does the stock have a greater risk than the stock market index? Explain b. Use the security market line to determine the required rate of return of the stock. Determine the per share value of the stock