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Farrah-Fowler Financial manages a risky portfolio with an expected rate of return of 21% and a standard deviation of 32%. The T-bill rate is 8%

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Farrah-Fowler Financial manages a risky portfolio with an expected rate of return of 21% and a standard deviation of 32%. The T-bill rate is 8% Farrah-Fowler Financial's client chooses to invest 65% of a portfolio in Farrah-Fowler's fund and 35% in an essentially risk-free money market fund. What are the expected return and standard deviation of the rate of return on his portfolio? (Do not round intermediate calculations. Round "Standard deviation" to 2 decimal places.) Rate of Return Expected return Standard deviation

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