An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Probability 0.21 Scenario Recession Normal Boom Rate of Return 15% 10% 0.59 6.2 11% Calculate the expected return and standard deviation of Gryphon. Round your answers to 2 decimal places. Enter your answers below. E() = 7.05 Correct response: 7.05% Std. Dev. = 6.22 Correct response: 6.22+0.01% The investor decides to diversify by investing $8,000 in Gryphon stock and $4,000 in Royal stock which has an expected return of 12% and a standard deviation of 11.5%. The correlation coefficient for the two stocks' returns is 0.7. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places. Use the correct answers from the previous