P5.3 (similar to) #3 olim Assume you are considering a portfolio containing two assets, L and M. Asset L will represent 44% of the dollar value of the portfolio, and asset M will account for the other 56%. The projected returns over the next 6 years, 2018-2023, for each of these assets are summarized in the following table: a. Calculate the projected portfolio return, ip, for each of the 6 years. b. Calculate the average expected portfolio return, ip, over the 6-year period. c. Calculate the standard deviation of expected portfolio returns, Sp, over the 6-year period. d. How would you characterize the correlation of returns of the two assets L and M? e. Discuss any benefits of diversification achieved through creation of the portfolio a. The projected portfolio return, i, for 2018 is % (Round to two decimal places.) Data Table X (Click on the icon located on the top-nght comer of the data table below in order to copy its contents into a spreadsheet.) Year 2018 2019 2020 2021 2022 2023 Projected Return Asset L Asset M 14% 20% 13% 17% 16% 17% 16% 14% 17% 13% 19% 11% ter your answer in the answer box and then click Check Answer. Print Done parts remaining Clear All Check Answel emprod.pearsoncmg.com/player/Playerasotului