An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Probability Rate of Return Scenario Recession Normal Economy 19.29 2% 9% 0.52 0.19 Boom 16% Calculate the expected return and standard deviation of Gryphon. Round your answers to 2 decimal places. Enter your answers below. E(T) = 8.30 Correct response: 8.3% Std. Dev. = 4.80 0 Correct response: 4.80.01% The investor decides to diversify by investing $3,000 in Gryphon stock and $8,000 in Royal stock, which has an expected return of 10% and a standard deviation of 4.1%. The correlation coefficient for the two stocks' returns is 0.1. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places. Enter your answers below. E(rp) = Section Attempt 1 of 1 Verify