(Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Expected return Year Stock L Stock M 2013 16% 22% 2014 17% 21% 2015 18% 20% 2016 19% 19% 2017 20% 18% 2018 21% 17% a. Calculate the actual portfolio return, rp, for each of the 6 years. b. Calculate the expected value of portfolio returns, rp, over the 6-year period. c. Calculate the standard deviation of expected portfolio returns, or, over the 6-year period. d. How would you characterize the correlation of returns of the two stocks L and M? e. Discuss any benefits of diversification achieved by Jamie through creation of the portfolio. Portfolio return and standard deviation Personal Finance Problem Jamie Wong is thinking of building an investment portfolio containing two 30% of the dollar value of the portfolio, and stock M will account for the other 70%. The historical returns over the next 6 following table: stocks, L and M. Stock L will represent years, 2013-2018, for each of these stocks are shown in the