An investor is considering the purchase of Gryphon stock, which has returns given in the table below.

Scenario Probability. Rate of Return

Recession 0.15 -6%

Normal 0.45 6%

Boom 0.4 12%

Er= 6.6

Standard dev= 5.97

Here is next part of question

The investor decides to diversify by investing $5,000 in Gryphon stock and $10,000 in Royal stock which has an expected return of 11.5% and a standard deviation of 12.2%. The correlation coefficient for the two stocks' returns is 0.5. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places.Use the correct answers from the previous question.

E(rp)=