Portfolio return and standard deviation Personal Finance Problem Jamie Wong is considering building an investment portfolio containing two stocks, L and M. Stock L will represent 70% of the dollar value of the portfolio, and stock M will account for the other 30%. The expected returns over the next 6 years, 2015-2020, for each of these stocks are shown in the following table. a. Calculate the expected portfolio returm, p,for each of the 6 years. b. Calculate the expected value of portfolio returns, rp over the 6-year period. c. Calculate the standard deviation of expected portfolio returns, ., over the 6-year period. d. How would you characterize the correlation of returns of the two stocks L and M? e. Discuss any benefits of diversification achieved by Jamie through creation of the portfolio