Assume you are considering a portfolio containing two assets, L and M. Asset L will represent 40% of the dollar value of the portfolio, and assetM will account for the other 60%. The projected returns over the next six years, 2018-2023, for each of these assets are summarized in the following table. Projected Return Asset M Year Asset L 20% 14% 2018 18% 14% 2019 16% 16% 2020 17% 14% 2021 17% 12% 2022 19% 10% 2023 a. Use an Excel spreadsheet to calculate the projected portfolio return, , for each of the six years. b. Use an Excel spreadsheet to calculate the average portfolio return, F, over the six-year period. c. Use an Excel spreadsheet to calculate the standard deviation of expected portfolio returns, sp, Over the six-year period. d.How would you characterize the correlation of returns of the assets L and M? e. Discuss any benefits of diversification achieved through creation of the portfolio