Portfolio return and standard deviationPersonal Finance ProblemJamie Wong is thinking of building an investment portfolio containing two stocks, L and M. Stock L will represent 70% of the dollar value of the portfolio, and stock M will account for the other 30%. The historical returns over the next 6 years,20132018, for each of these stocks are shown in the following table:

a. Calculate the actual portfolio return, rp, for each of the 6 years. b. Calculate the expected value of portfolio returns, rp, over the 6-year period. c. Calculate the standard deviation of expected portfolio returns, orp, over the 6-year period. c d. How would you characterize the correlation of returns of the two stocks Land M? e. Discuss any benefits of diversification achieved by Jamie through creation of the portfolio. a. The actual portfolio return for year 2013 is %. (Round to two decimal places.) ) Data table (Click on the icon here - in order to copy the contents of the data table below into a spreadsheet.) Year 2013 2014 2015 2016 2017 2018 Expected return Stock L Stock M 15% 20% 16% 19% 18% 18% 18% 17% 20% 16% 21% 15%