Based on the following information:

a$.$ Calculate the expected return for each of the stocks. $($Do not round intermediate

calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

b$.$ Calculate the standard deviation for each of the stocks. $($Do not round intermediate

calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

c$.$ What is the covariance between the returns of the two stocks? $($Do not round

intermediate calculations and round your answer to $6$ decimal places, e$.$g$.,\mathrm{.}161616.)$

d$.$ What is the correlation between the returns of the two stocks? $($Do not round

intermediate calculations and round your answer to $4$ decimal places, e$.$g$.,\mathrm{.}1616.)$

Assume you create a portfolio of Stock J and Stock K$,$ where $80\%$ is invested in Stock

J$.$

e$.$ What is the average return of the portfolio?

f$.$ What is the standard deviation of the portfolio?