An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Rate of Return -6% Scenario Recession Normal Economy Boom Probability 0.26 0.58 10.16 110% 12% Calculate the expected return and standard deviation of Gryphon. Round your answers to 2 decimal places. Enter your answers below. E(t) = 6.16 Correct response: 6.16% Std. Dev. = 7.24 Correct response: 7.24+0.01% The investor decides to diversify by investing $6,000 in Gryphon stock and $4,000 in Royal stock, which has an expected return of 7.5% and a standard deviation of 4.4%. 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