You Have a Portfolio P That Consists of 50% Stock

You have a portfolio P that consists of 50% Stock X and 50% Stock Y.Stock X has a beta of 0.7 and Stock Y has a beta of 1.3.The standard deviation of each stock's returns is 20%.The stocks' returns are independent of each other,i.e.,the correlation coefficient,r,between them is zero.Given this information,which of the following statements is CORRECT?

A) The required return on Portfolio P is equal to the market risk premium (r_M -r_RF) .
B) Portfolio P has a beta of 0.7.
C) Portfolio P has a beta of 1.0 and a required return that is equal to the riskless rate, r_RF.
D) Portfolio P has the same required return as the market (r_M) .
E) Portfolio P has a standard deviation of 20%.