Assume you are considering a portfolio containing two assets. L and M Asset L will represent 37% o the dollar value o the portfolio and asset M wil account or he other 63%. The projected returns over the next 6 years, 2018-2023, for each of these assets are summarized in the following table: a. Calculate the projected portfolio return, (p.for each of the 6 years. b. Calculate the average expected portfolio return, rp, over the 6-year period c. Calculate the standard deviation of expected portfolio returns, sp. over the 6-year period. d. How would you characterize the correlation of returns of the two assets L and M? e. Discuss any benefits of diversification achieved through creation of the portfolio. Data Table (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) The projected portfolio return, for 2018 is [N. (Round to two decimal places ) a. The projected portfolio retum-b. for 2019 is %, (Round to two decimal places.) The projected portfolio return, 'p for 2020 is % (Round to two decimal places.) The projected portfolio retum, 'p, for 2021%Rod to two decimal places.) The projected portfolio return, r'p for 2022 is l %. (Round to two decimal places.) The projected portfolio return, for 2023 is %. (Round to two decimal places.) b. The average expected portfolio return, r, over the 6-year period is Projected Return Asset NM 20% 18% 16% 13% 12% 10% Asset L 2018 2019 2020 2021 2022 2023 13% 15% 16% 16% 17% 19% PrintDone %(Round to two decimal places.)