Asset Allocation Across Risky and Risk Free Portfolios An investor finds that the risk free rate = 3.00% when the expected return and standard deviation of a risky portfolio is 14% and 22% respectively. If the investor places 40.00% of their money in the risky portfolio and the rest in the risk free asset the resulting complete portfolio expected return is ______ and the standard deviation is ______.

6.59%; 10.55%

8.59%; 9.59%

5.60%; 8.60%

7.40%; 8.80%