Assume you are considering a portfolio containing Asset $1$ and Asset $2.$ Asset $1$ will represent $56\%$ of the dollar value of the$$ portfolio, and Asset $2$ will account for the other $44\%.$ The projected returns over the next $6$ years, $,$ for each of these assets are summarized in the following$$ table:

Projected Return

Year Asset $1$ Asset $2$

$2021-7\%32\%$

$202215\%7\%$

$202325\%-8\%$

$20243\%18\%$

$2025-11\%33\%$

$202632\%-16\%$

a$.$ Calculate the projected portfolio$$ return, $,$ for each of the $6$ years. b$.$ Calculate the average expected portfolio$$ return, $,$ over the$6-$year period. c$.$ Calculate the standard deviation of expected portfolio$$ returns, $,$ over the$6-$year period. d$.$ How would you characterize the correlation of returns of the assets $1$ and$2?$ e$.$ Discuss any benefits of diversification achieved through creation of the portfolio. Question content area bottom Part $1$ a$.$ The projected portfolio$$ return, $,$ for is enter your response here$\%.($Round to two decimal$$ places.$)$