1. Assume you have an investment portfolio with two investments: GRACE stocks and SCOTIA stocks. The portfolio has 60% invested in SCOTIA stocks and the remaining 40%% invested in GRACE stocks. The expected return, standard deviation, and correlation of the investments are shown are shown in the table below.

Security	Standard deviation	Return
GRACE	8%	17%
SCOTIA	13%	24%
Correlation = 0.2

Using the information provided to calculate the expected return and the standard deviation on the portfolio.