Brenda Weiss is a portfolio manager managing a portfolio worth $2,000,000. She typically constructs her portfolio using an S&P fund and a fund that invests in small stocks, as well as treasury hills. Her portfolio horizon is one year. Brenda assesses that the expected return on theSJicP fund is 13% with standard deviation 20%, and that the expected return on the small stock fund is 18% with a standard deviation of 25%. She also assesses the correlation coefficient between the SELF fund and the small stock fund to be 0.7. Assume that the yield (rate of return} 011 treaSury bills is 8%. 

Brenda has decided to sell short $500,000 worth of treasury bills (that is, toborrow $500,000 at 8%) and invest this money together with the $2,000,000 she has, in the two risky funds. Of this, $1,000,000 will be invested in the S&P fund and the rest in the small stock fund. 

What are the expected return and the standard deviation of the return on Brenda's portfolio?