Portfolio return and standard deviation building an investment portfolio containing two stocks, L and M. Stock L will represent 30% of the dollar value of the portfolio, and stock M will account for the other 70% The historical returns over the next 6 years, 2013-2018 for each of these stocks are shown in the following table Personal Finance Problem Jamie Wong is thinking of a. Calculate the actual portfolio return, R, for each of the 6 years b. Calculate the expected value of the portfolio returns, R; over the 6-year period c. Calculate the standard deviation of expected portfolio returns alpha rp, over the 6-year period How would you characterize the correlation of returns of the two stocks L and M? Discuss any benefits of diversification achieved by Jamie through creation of the portfolio d. e. Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Expected return Year 2013 2014 2015 2016 2017 2018 Stock L 16% 17% 19% 19% 20% 21% Stock M 22% 21% 20% 19% 18% 17%