Stocks A and B each have an expected return of $12\%,$ a beta of $1\mathrm{.}2,$ and a standard deviation of $25\%.$ The returns on the two stocks have a correlation of $+0\mathrm{.}6.$ Portfolio P has $50\%$ in Stock A and $50\%$ in Stock B$.$ Which of the following statements is CORRECT?

Portfolio P has a beta that is equal to $1\mathrm{.}2.$

Portfolio P has an expected return that is less than $12\%.$

Portfolio P has a standard deviation that is greater than $25\%.$

Portfolio P has a beta that is less than $1\mathrm{.}2.$

Portfolio P has a standard deviation that is equal to $25\%.$