Stock a has a beta of 0.8, stock b has a beta of 1.0, and stock c has a beta of 1.2. portfolio have 1/3 of its value invested in each of these stocks. each stock has a standard deviation of 25%, and their returns are independent of one another, ie., the correlation coefficients between each pair of stock is zero. assuming the market is in equilibrium, which of the following statements is correct? a. portfolio p's expected return is greater than the expected return on stock c. b. portfolio p's expected return is greater than the expected return on stock bc. portfolio p's expected return is equal to the expected return on stock ad. portfolio p's expected return is less than the expected return on stock be. portfolio p's expected return is equal to the expected return on stock b.

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000