An investor allocates 35% of his wealth into the risk-free asset with the return of 3% per annum. He invests the remaining of his wealth in a risky asset with an expected rate of return of 16% per annum and standard deviation of 20% per annum. What are the expected return and standard deviation of the combined portfolio? Select one: a. The combined portfolio has the expected return of 11.45% per annum and the standard deviation of 13.00% per annum. b. The combined portfolio has the expected return of 7.55% per annum and the standard deviation of 7.00% per annum. c. The combined portfolio has the expected return of 7.55% per annum and the standard deviation of 13.00%. d. The combined portfolio has the expected return of 11.45% per annum and the standard deviation of 7.00% per annum. e. None of the options.