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Assume you are considering a portfolio containing two assets, L and M. Asset L will represent 39% of the dollar value of the portfolio, and asset M will account for the other 61%. The projected returns over the next 6 years, 2018-2023, for each of these assets are summarized in the following table: E a. Calculate the projected portfolio return, r., for each of the 6 years. b. Calculate the average expected portfolio return, r, over the 6-year period. c. Calculate the standard deviation of expected portfolio returns, s,, over the 6-year period. d. How would you characterize the correlation of returns of the two assets L and M? e. Discuss any benefits of diversification achieved through creation of the portfolio. Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Projected Return Asset M Year Asset L 2018 13% 21% 2019 19% 15% 2020 16% 17% 2021 17% 14% 2022 17% 13% 2023 18% 11%