Jamie Wong is thinking of building an investment portfolio containing two stocks, Land M. Stock L will represent 41% of the dollar value of the portfolio, and stock M wil account for the other 59%. The historical retums over the last 6 years 2013-2018, for each of these stocks are shown in the following table a. Calculate the actual portfolio return, res for each of the 6 years. b. Calculate the average return for each stock and for the portfolio over the 6-year period, C. Calculate the standard deviation of returns for each asset and for the portfolio. How does the portfolio standard deviation compare to the standard deviations of the individual assets? d. How would you characterize the correlation of retums of the two stocks L and M? c. Discuss any benefits of diversification achieved by Jamle through creation of the portfolio a. The average portfolio return for 2013 is % (Enter as a percentage and round to one decimal place.) - X the other 59%. The historical retums over the last 6 years, 2013-2018, for each of these stocks are shown in the following table and the actual portfolio the average return Data Table the standard deviat Data table ssets? the standard deviations of the Id you characterize ny benefits of divers (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Expected Return Year Stock Stock M ge portfolio return fa 2013 13% 23% 2014 13 19 2015 17 17 2016 16 15 2017 16 13 2018 21 10 Print Done