Stock X has a beta of 0.7 and Stock Y has a beta of 1.3. The standard deviation of each stock's returns is 20%. The stocks' returns are independent of each other, i.e., the correlation coefficient, r, between them is zero. Portfolio P consists of 50% X and 50% Y. Given this information, which of the following statements is CORRECT? a. Portfolio P has a beta of 0.7. b. Portfolio P has a beta of 1.0 and a required return that is equal to the riskless rate, ra c. Portfolio P has a standard deviation of 20% d. The required return on Portfolio P is equal to the market risk premium (rm-ra). e. Portfolio P has the same required return as the market (rm). Or Icon Kev