file below. Open the spreadsheet and perform the required analysis to answer the questions below.

$x$

Open spreadsheet

a$.$ What is the market risk premium $(r_M-r_{RF})?$ Round your answer to two decimal places.

$\%$

b$.$ 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.

$26$

d$.$ Would you expect the standard deviation of Fund P to be less than $16\%,$ equal to $16\%,$ or greater than $16\%?$

I. less than $16\%$

II$.$ greater than $16\%$

III. equal to $16\%$