Stock A and Stock B each have an expected return of 12 percent, a beta of 1.2, and a standard deviation of 25 percent. Portfolio P has half of its money invested in Stock A and half in Stock B. Stock A and Stock B are not closely correlated. Which of the following statements is most correct?

Group of answer choices

a. Portfolio P has an expected return of 12 percent.

b. Portfolio P has a standard deviation of 25 percent.

c. Portfolio P has a beta of 1.2.

d. Statements a and c are correct.

e. All of the statements above are correct.