P5.4 Refer to Problem 5.3. Assume that asset L represents 60% of the portfolio and asset M 40%. Calculate the average expected return and standard deviation of expected portfolio returns over the six-year period. Compare your answers to the answers from Problem 5.3.

P5.5 You have been given the following return data on three assets—F, G and H—over the 2 period 2012–2015.