Portfolio return and standard deviation Personal Finance Problem Jamie Wong is thinking of building an investment portfolio containing two stocks, L and M. Stock L will represent 40% of the dollar value of the portfolio, and stock M will account for the other 60%. The historical returns over the next 6 years, 20132018, for each of these stocks are shown in the following table: a. Catculate the actual portfolio return, rp, 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, arp. 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. Data table (Click on the icon here 1 in order to copy the contents of the data table below into a spreadsheet.)