LG1 LG2 P5.8 Assume you wish to evaluate the risk and return behaviors associated with various combi- nations of assets V and W under three assumed degrees of correlation: perfect positive, uncorrelated, and perfect negative. The following average return and risk values were calculated for these assets. Asset Average Return, 7 Risk (Standard Asset Deviation), s V 5% W 10% 8% 13% a. If the returns of assets V and W are perfectly positively correlated (correlation coeffi- cient +1), describe the range of (1) return and (2) risk 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) return and (2) risk associated with all possible portfolio combinations. c. If the returns of assets V and W are perfectly negatively correlated (correlation coeffi cient -1), describe the range of (1) return and (2) risk associated with all possible portfolio combinations.