P5.2 Using your data from Problem 5.1, calculate the portfolio standard deviation. Assume you are considering a portfolio containing two assets, L an P5.3 d M. Asset L will represent 40% of the dollar value of the portfolio, and asset M will account for the oth 60%. T er are summarized in the following table. he pr ojected returns over the next six years, 2018-2023, for each of these assets Projected Return Asset L Asset M Year 2018 2019 2020 2021 2022 2023 14% 14% 16% 17% 17% 19% 20% 18% 16% 14% 12% 10% a. Use an Excel spreadsheet to calculate the projected portfolio return, 7pn for each of the six years. b. Use an Excel spreadsheet to calculate the average portfolio return, ipn over the six-year period c. Use an Excel spreadsheet to calculate the standard deviation of expected portfolio returns, Sp, over the six-year period. d. How would you characterize the correlation of returns of the assets L, and M? e. Discuss any benefits of diversification achieved through creation of the portfolio