Excel Online Structured Activity: CAPM, portfollo risk, and retunm Consider the follow ng information for three stocks, stocks A, B and . The returns on the three stocks are positively correlated, but they are not perfectly correlated. correlation coefficients is between:0 and 1.) Stock Expected Return That is, each of the Standard Deviation 14% 14 14 Deta 0.8 1.1 1.5 8.52 % 9.84 11.60 Fund P has one-third of its rids invested in each of the three stocks. The ns ree rate is 5% and the market is in equilibrum. That s, required returns equal expected returns. has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. The data Open spreadsheet a. What is the market risk premium (rM- RF)? Round your answer to two decimal places. What is the beta of Fund P? Do not round intermediate calculations. Round your answer to two decimal places c. What is the required return of Fund P? Do not round intermediate calculations. Round your answer to two decimal places. d. Would you expect the standard deviation of Fund p to be less than 14%, equal to 14%, or greater than 14%? 1, less than 14% 11. greater than 14% 111, equal to 14%