Annual and Average Returns for Stocks, Bonds, and T-Bills, 1950 to 2017 Long-Term Treasury Stocks Bonds T-bills 1950 to 2019 1950 to 1959 Average 12.7% 6.6% 4.2% Average 20.9 0.0 2.0 1960 to 1969 1978 to 1979 1980 to 1989 1990 to 1999 Average Average Average Average 8.7 1.6 4.0 7.5 5.7 6.3 18.2 13.5 8.9 19.0 9.5 4.9 2000 to 2009 Average 0.9 8.0 2.7 2010 Annual Return 15.1 9.4 0.01 2011 Annual Return 2.1 29.9 0.02 2012 Annual Return 16.0 3.6 0.02 2013 Annual Return 32.4 -12.7 0.07 2014 Annual Return 13.7 25.1 0.05 2015 Annual Return 1.4 -1.2 0.21 2016 Annual Return 12.0 1.2 0.51 2017 Annual Return 21.8 8.4 1.39 2018 2019 2010 to 2019 Annual Return -4.4 -1.8 1.94 Annual Return 31.5 14.8 2.06 Average 14.2 7.7 0.63 You have a portfolio with an asset allocation of 55 percent stocks, 30 percent long-term Treasury bonds, and 15 percent T-bills. Use these weights and the returns given in the above table to compute the return of the portfolio in the year 2010 and each year since. Then compute the average annual return and standard deviation of the portfolio. Note: Do not round Intermediate calculations. Round your answers to 2 decimal places. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Average Portfolio Return 12.2 % 10.3 % 11.0% 16.3 % 16.0% 0.5 % 7.8% 16.2 % (3.1) % 24.1 % 11.1 % Standard deviation 7.57 %