Consider the following information on the expected return and risk of two assets: E(R) = 9%, 01 = 15% E(R2) = 17%, 02 = 16% a. Calculate the expected return and risk of portfolios invested in the following pro- portions listed. Assume a correlation of p = .5. Asset 1 100% 80% 60% 50% 40% 20% 0% Asset 2 0% 20% 40% 50% 60% 80% 100% Use the expected return and risk calculations for all the portfolios to plot the efficient frontier b. Repeat part(a), assuming p = -1, p = 0, and p = 1. c. Looking at the four graphs you have just drawn for parts (a) and (b), what do you conclude about the importance of correlation in risk reduction