Assume that asset L represents 60% of the portfolio and asset M is 40%. Calculate the average return and standard deviation of this portfolios returns over the six-year period.

...............Projected Return

Year...... Asset L ..........Asset M

2018.....14%.................20%

2019.....14%.................18%

2020.....16%.................16%

2021.....17%.................14%

2022.....17%.................12%

2023.....19%.................10%