Asset	Average Return, @OVERBAR{@i{r}}	Risk (Standard Deviation), s
V	8.7%	5.4%
W	12.7%	10.5%

Assume you wish to evaluate the risk and return behaviors associated with various combinations of assets V and W under three assumed degrees of correlation: perfect positive, uncorrelated, and perfect negative. The following average return and risk values were calculated for these assets: LOADING.... a. If the returns of assets V and W are perfectly positively correlated (correlation coefficient equals plus 1), describe the range of (1) return and (2) risk associated with all possible portfolio combinations. b. If the returns of assets V and W are uncorrelated (correlation coefficient equals 0), describe the approximate range of (1) return and (2) risk associated with all possible portfolio combinations. c. If the returns of assets V and W are perfectly negatively correlated (correlation coefficient equals negative 1), describe the range of (1) return and (2) risk associated with all possible portfolio combinations.