Please show every step of calculations.

Jennifer Jones is considering building an investment portfolio containing two stocks, L and M. Stock L will represent 60% of the dollar value of the portfolio, and stock M will account for the other 40%. The following data are available for the two stocks: Stock L Stock M 0.14 0.09 Expected return Standard deviation of 0.075 0.055 returns Beta 1.11 0.95 a. Assume that the correlation of returns between L and M is +0.5, compute the following: (i) The expected return from the portfolio (ii) The standard deviation of returns from the portfolio. b. What happens to the expected return and standard deviation of returns of the portfolio in Part a if 30 percent of Ms. Jones funds are invested in Stock M and 70 percent are invested in Stock L. c. Compute the beta of the portfolio (with the original proportion of funds invested)