An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Rate of Return Scenario Recession Normal Economy Boom Probability 10.18 10.41 0.41 B% 10% Calculate the expected return and standard deviation of Gryphon. Round your answers to 2 decimal places. Enter your answers below. E() = 6.92 Correct response: 6.92% Std. Dev. = 2.93 Correct response: 2.93+0.01% The investor decides to diversify by investing $2,000 in Gryphon stock and $10,000 in Royal stock, which has an expected return of 6.5% and a standard deviation of 7%. The correlation coefficient for the two stocks' returns is 0.6. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places Enter your answers below. Er) = Number Std. Dev. = Number I Section Attempt 1 of 1 Verify