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A portfolio manager is considering two investments: Investment A and Investment B. The expected return for Investment A is 12% and the expected return for

A portfolio manager is considering two investments: Investment A and Investment B. The expected return for Investment A is 12% and the expected return for Investment B is 15%. The standard deviation for Investment A is 3% and the standard deviation for Investment B is 4%. The correlation coefficient between the two investments is 0.6.

What is the expected return and standard deviation for a portfolio that is composed of 50% Investment A and 50% Investment B?

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