i want the detail answer based on excel sheet please do not write the formula

3. Assume stock returns are explained by a two-factor model as follows: R = a +8.42, +B*, The following three stocks are in equilibrium. Return Stock % Beta 1 Beta2] U 0.6 0.8 161 1.6 1.8 W 151 1.8 10 V 0.9 a) Derive the equilibrium model equation. b) Assume there is stock J with beta 1 of 1 and beta 2 of 1.2. Stock J's rate of return is 14.4%. Is stock J in equilibrium? If not determine an arbitrage strategy and calculate the arbitrage profit. Show the proper weight of each stock. 3. Assume stock returns are explained by a two-factor model as follows: R = a +8.42, +B*, The following three stocks are in equilibrium. Return Stock % Beta 1 Beta2] U 0.6 0.8 161 1.6 1.8 W 151 1.8 10 V 0.9 a) Derive the equilibrium model equation. b) Assume there is stock J with beta 1 of 1 and beta 2 of 1.2. Stock J's rate of return is 14.4%. Is stock J in equilibrium? If not determine an arbitrage strategy and calculate the arbitrage profit. Show the proper weight of each stock