6.There are two assets in one portfolio, X and Y. The weight for Asset X is 48%.

Asset X has a 50-50 chance of earning a return of 10% or 20%.

Asset Y's expected return is 23% and the standard deviation is 33%.

Assume the correlation coefficient between X and Y is 0.53.

Calcualte the expected return of the portfolio.

Calculate the standard deviation of the portfolio return.