Assume that asset L represents 60% of the portfolio and asset M is 40%. Calculate the average return and standard deviation of this portfolio’s returns over the six-year period.
...............Projected Return
Year...... Asset L ..........Asset M
2018.....14%.................20%
2019.....14%.................18%
2020.....16%.................16%
2021.....17%.................14%
2022.....17%.................12%
2023.....19%.................10%