Your portfolio consists of $50000 invested inStock X and $50000 invested in Stoc

Your portfolio consists of $50000 invested inStock X and $50000 invested in Stock Y. Both stockshave an expected return of 15% a beta of 1.6 and astandard deviation of 30%. The returns of the two stocks areindependent so the correlation coefficient between them rxy iszero. Which of the following statements best describes thecharacteristics of your portfolio?Your portfolio has a beta equal to 1.6 and its expected return is15%.Your portfolio has a standard deviation of 30% and itsexpected return is 15%.Your portfolio has a standard deviation greater than 30% and a betaequal to 1.6.Your portfolio has a beta greater than 1.6 and an expected returngreater than 15%.Your portfolio has a standard deviation less than 30% and its betais greater than 1.6.