Correlation, risk, and return Matt Peters wishes to evaluate the risk and return behaviors associated with various combinations of assets V and W under three assumed degrees of correlation: perfectly positive, uncorrelated, and perfectly negative. The expected return and standard deviations calculated for each of the assets are shown in the following table: a. If the returns of assets V and W are perfectly positively correlated (correlation coefficient =+1 ), describe the range of (1) expected return and (2) standard deviation associated with all possible portfolio combinations. b. If the returns of assets V and W are uncorrelated (correlation coefficient =0 ), describe the approximate range of (1) expected return and (2) standard deviation associated with all possible portfolio combinations. c. If the returns of assets V and W are perfectly negatively correlated (correlation coefficient =1 ), describe the range of (1) expected return and (2) standard deviation associated with all possible portfolio combinations. a. If the returns of assets V and W are perfectly positively correlated (correlation coefficient =+1 ), all possible portfolio combinations will have: (Select the best answer below.) A. a range of expected return between 7% and 9% and risk between 18% and less than 12% but greater than 0%. B. a range of expected return between 12% and 18% and risk between 7% and 9%. C. a range of expected return between 7% and 9% and risk between 12% and 18%. D. a range of expected return between 7% and 9% and risk between 18% and 0%. Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)