Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 30%.

The T-bill rate is 6%. Your client chooses to invest 65% of a portfolio in your fund and 35% in an essentially risk-free money market fund. What is the expected value and standard deviation of the rate of return on his portfolio? (Do not round intermediate calculations. Round your answers to 1 decimal place.)

Expected return	%
Standard deviation	%