An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Scenario Recession Normal Economy Boom Probability 0.15 10.43 0.42 Rate of Return -4% 17% 14% Calculate the expected return and standard deviation of Gryphon. Round your answers to 2 decimal places. Enter your answers below. >> E(r) = 8.29 Correct response: 8.29% Std. Dev. = 6.09 Correct response: 6.990.01% The investor decides to diversify by investing $10,000 in Gryphon stock and $3,000 in Royal stock, which has an expected retum of 5.5% and a standard deviation of 5.3%. The correlation coefficient for the two stocks' returns is 0.9. 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 Section Attempt 1 of 1 Verify