Assume you are considering a portfolio contaring two assets. L and M Asset L will represent 38% of the dolar value of the portfolio and asset M will account for the other 62% 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, fp. for each of the 6 years b. Calculate the verage expected portfolio return, p. over the 6-year period c. Calculate the standard deviation of expected portfolio returns, sp bver 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,'" for 2018 is[ % (Round to two decimal places) The projected portfolio return,'-for 2019 is (Round to two decimal places) The projected portfolio return,Ip. for 2020 1% (Round totwo decimal places) The projected portfolio return,'p' for 2021 is % (Round to two decimal places) The projected portfolio return,lp, for 2022 is% The projected portfolio return,lp for 2023 is% (Round to two decimal places) b The average expected portfolio return,'p over the 6-year period is % (Round to two decimal places) Click to select your answer(s) (Round to two decimal places) Activate Windows