As an avid investor (meaning very enthusiastic), you are invested in international stock markets. You discover the following statistics:

Stock Market	Return (Mean) by month	Risk (Standard Deviation) SD
United States	1.01% per month	4.61%
Japan	0.74% per month	6.25%

The correlation coefficient between the two markets is 0.42. The risk-free rate is 0.25%

If you invest 50% in each market, then the expected return and the standard deviation of the portfolio will be:

Select one:

a. 0.9274% and 0.00221%

b. 0.8750% and 0.460%

c. 5.4300% and 0.0096%

d. 2.8100% and 0.0539%

e. None of the above are correct calculations