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The investor decides to diversify by investing $8,000 in Gryphon stock and $10,000 in Royal stock, which has an expected return of 12% and a standard deviation of 4.8%. The correlation coefficient for the two stocks' returns is 0.7. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places. Enter your answers below. E(rp)= Section Attempt 1 of 1 Verify