(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 2013 2014 2015 2016 2017 2018 Expected return Stock L Stock M 14% 20% 16% 18% 17% 16% 18% 14% 19% 12% 20% 10% Portfolio return and standard deviation Personal Finance Problem Jamie Wong is thinking of building an investment portfolio containing two stocks, L and M. Stock L will represent 75% of the dollar value of the portfolio, and stock M will account for the other 25%. The historical returns over the next 6 years, 2013-2018, for each of these stocks are shown in the following table: a. Calculate the actual portfolio return, 'p, for each of the 6 years. b. Calculate the expected value of portfolio returns, ip, 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. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 2013 2014 2015 2016 2017 2018 Expected return Stock L Stock M 14% 20% 16% 18% 17% 16% 18% 14% 19% 12% 20% 10% Portfolio return and standard deviation Personal Finance Problem Jamie Wong is thinking of building an investment portfolio containing two stocks, L and M. Stock L will represent 75% of the dollar value of the portfolio, and stock M will account for the other 25%. The historical returns over the next 6 years, 2013-2018, for each of these stocks are shown in the following table: a. Calculate the actual portfolio return, 'p, for each of the 6 years. b. Calculate the expected value of portfolio returns, ip, 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