Portfolio return and standard deviation Personal Finance Problem Jamie Wong is thinking of building an investment portfolio containing two stocks, Land M$.$ Stock L will represent $20\%$ of the dollar value of the portfolio, and stock M will account for the other $80\%.$ The historical returns over the next $6$ years, $2013-2018,$ for each of these stocks are shown in the following table:$201315\%22\%$

$201416\%21\%$

$201518\%20\%$

$201620\%19\%$

$201720\%18\%$

$201821\%17\%$

a$.$ Calculate the actual portfolio return, rp$,$ for each of the $6$ years

b$.$ Calculate the expected value of portfolio returns, lp$,$ over the $6-$year period.

C$.$ Calculate the standard deviation of expected portfolio returns, Op$.$ over the $6-$year period.

d$.$ How would you characterize the correlation of returns of the two stocks L and M$?$

e$.$ Discuss any benefits of diversification achieved by Jamie through creation of the portfolio.