Portfolio return and standard deviation Personal Finance Problem Jamie Wong is oonsidering building an investment portfolio containing two stocks, Land M will represent 30% of the dollar value of the portfolio, and stock M will account for the other 70%. The expected returns over the next 6 years, 2015-2020 for each of these stocks are shown in the following table: EEA a. Calculate the expected portfolio return, rp. for each of the 6 years. b. Calculate the expected value of portfolio returns p. over the 6-year period c. Calculate the standard deviation of expected portfolio returns, or .over the 6year period. d. How would you characterize the correlation of returns of the two stocks Land M? e. Discuss any benefits of diversification achieved by Jamie through creation of the portfolio. a. The expected portfolio return for year 2015 is (Round to two decimal places.) The expected portfolio return for year 2016 is (Round to two decimal places The expected portfolio return for year 2017 is (Round to two decimal places.) The expected portfolio return for year 2018 is (Round to two decimal places.) The expected portfolio return for year 2019 is (Round to two decimal places.) The expected portfolio return for year 2020 is (Round to two decimal places.) b. The expected value of portfolio returns, ip over the 6-year period is l%. Round to two decimal places.)