An investor invests 60% of his wealth in a risky asset with an expected rate of return of 0.15 and a variance of 0.04 and 40% in a T-bill that pays 5%. His portfolio's expected return and standard deviation are __________ and __________, respectively.

Multiple Choice

• 0.087; 0.06

• 0.295; 0.12

• 0.110; 0.12

• 0.087; 0.12