Assume you are considering a portfolio containing two assets, Land M. Asset L will represent 42% of the dollar value of the portfolio, and asset M will account for the other 58%. 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, ip, for each of the 6 years. b. Calculate the average expected portfolio return, 1p, 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. a. The projected portfolio return, Tp. for 2018 is % (Round to two decimal places.) The projected portfolio return, Te, for 2019 is %. (Round to two decimal places.) The projected portfolio return, Fe, for 2020 is %. (Round to two decimal places.) The projected portfolio return, re, for 2021 is 1%. (Round to two decimal places.) The projected portfolio return, 1o , for 2022 is %. (Round to two decimal places.) The projected portfolio return, 1p, for 2023 is % (Round to two decimal places.) b. The average expected portfolio return, in, over the 6-year period is % (Round to two decimal places.) c. The standard deviation of expected portfolio returns, Sp, over the 6-year period is 1%. (Round to three decimal places.) d. How would you characterize the correlation of returns of the two assets L and M? The assets are correlated. (Select from the drop-down menu.) e. Discuss any benefits of diversification achieved through creation of the portfolio. (Select the best choice below.) A. By combining these two negatively correlated assets, the overall portfolio risk is eliminated. B. By combining these two positively correlated assets, the overall portfolio risk is reduced. C. By combining these two negatively correlated assets, the overall portfolio risk is increased. D. By combining these two negatively correlated assets, the overall portfolio risk is reduced. Click to select your answer(s). (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Projected Return Year Asset L Asset M 2018 14% 20% 2019 14% 17% 2020 15% 15% 2021 17% 15% 2022 18% 11% 2023 19% 11%