Portfolio return and standard deviation Personal Finance Problem Jamie Wong is thinking of building an investment portfolo containing two stocks L and M Stock I will represent 55% of the dollar value of the portfolio, and stock M will account for the other 45%. The histoncal returns over the next 6 years 2013-2018, for each of these stocks are shown in the following table a Calculate the actual portfolio return, fp, for each of the 6 year, b. Calculate the expected value of portfolio retums, ip over the 5-year period. c. Calculate the standard deviation of expected portfolio returns over the year period d. How would you characterize the correlation of returns of the two stocks Land M? 6. Discuss any benefits of diversification achieved by Jamie through creation of the portfolio are shown Data Table - ortfolio retul value of deviation Eterize the of diversific curn for yea (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 Stock L Stock M 2013 15% 24% 2014 17% 22% 2015 19% 20% 2016 18% 2017 21% 16% 2018 23% 14% for year 20 20% for year 2 for year 2 frien 20 Print Done