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Thank you in advance, i will upvote The Vice President Corporate Finance for Megabucks Holdings is considering building an investment portfolio to diversify the firm's

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The Vice President Corporate Finance for Megabucks Holdings is considering building an investment portfolio to diversify the firm's large cash surplus. The portfolio will contain 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 expected returns over the next 6 years, 2024-2029, for each of these stocks are shown in the following table. a. Calculate the expected portfolio return for each of the 6 years. ( 3 marks) b. Calculate the expected value of portfolio returns over the 6 -year period. (2 marks) c. Calculate the standard deviation of expected portfolio returns, over the 6 -year period. (3 marks) d. How would you characterize the correlation of returns of the two stocks L and M? (1 mark) e. Discuss any benefits of diversification achieved by Jamie through creation of the portfolio. (1 marks)

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