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 65% of the dollar value of the portfolio, and stock M will account for the other 35%. The historical 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, rp, for each of the 6 years. b. Calculate the expected value of portfolio returns, ip, over the 6-year period. c. Calculate the standard deviation of expected portfolio returns, oro, 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. a. The actual portfolio return for year 2013 is %. (Round to two decimal nlaces) x Data Table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year 2013 2014 2015 2016 2017 2018 Expected return Stock Stock M 15% 22% 16% 21% 18% 20% 19% 19% 20% 18% 20% 17%