Assume you wish to evaluate the risk and retum behaviors associated with various combinations of assets a. If the returns of assets V and W are perfectly positively correlated (correlation coefficient = + 1), V and W under three assumed degrees of correlation: perfect positive, uncorrelated, and perfect negative. describe the range of (1) return and (2) risk associated with all possible portfolio combinations. The following average return and risk values were calculated for these assets. b. If the returns of assets V and W are uncorrelated (correlation coefficient -0), describe the approximate range of (1) retun and (2) risk associated with all possible portfolio combinations. c. If the retums of assets V and w are perfectly negatively correlated (correlation coefficient =-1), describe the range of (1) return and (2) risk associated with all possible portfolio combinations. Average Return, r (%) 8.4 12.8 Risk (Standard Deviation), s (%) 5.3 10.3 Asset a. If the returns of assets V and W are perfectly positively correlated correlation coefficient = + 1), describe the range of 1) return and 2) risk associated with all possible portfolio combinations. (1) Range of expected return: between | % and | % (Round to one decimal place.) (2) Range of the risk between % and | % (Round to one decimal place.) b. If the returns of assets V and W are uncorrelated (correlation coefficient 0), describe the approximate range of (1) return and (2) risk associated with all possible portfolio combinations. (1) Range of expected retum: between % and (2) Range of the risk between | %