rences A A Mailings Review View A E. .. ABCDE ABCDE AaBbceDd AaBbc No Spacing Heading Normal 14. You are considering to diversify your portfolio, and you are considering investing in the following countries: Country Expected Retur Standard Deviation of Returns 24% 10.80% Australia 9.86% 12.05% Correlation between U.S. and Australia 0.17 US (a) What is the expected portfolio return if you invest 50% in the US and the remaining 50% in Portugal? Write your answer in the cell provided below:[4 points Expected Return % Invested in: US 24.00% 60% Australia 9.86% 40% Expected Portfolio Return is: (b) Calculate the portfolio variance described in part (a)? Write your answers in the cells provided below: [6 points) Standard Deviation of Return % Invested in: US 10.80% 60% Australia 12.05% 40% Portfolio Return Variance is (c) Briefly explain how your calculated portfolio variance or standard deviation is y BIU2A E E DE O E OR 8 TY ? u op