An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Scenario Recession Normal Economy Boom Probability 0.23 0.51 10.26 Rate of Return 0% 9% 10% Calculate the expected return and standard deviation of Gryphon. Round your answers to 2 decimal places. Enter your answers below. E(T) = 7.19 Correct response: 7.19% This question has 6 parts (i.e., you will be clicking "Verify" 6 times) Std. Dev. = 3.95 Correct response: 3.95+0.01% The investor decides to diversity by investing 54.000 in Gryphon stock and $6.000 in Royal stock, which has an expected return of 9% and a standard deviation of 5.1%. The correlation coefficient for the two stocks' returns is 0.4. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places