Scenario	Probability	Rate of Return
Recession	0.19	-6%
Normal Economy	0.46	6%
Boom	0.35	10%

Expected return=5.12

Standard Dev= 5.67

The investor decides to diversify by investing $6,000 in Gryphon stock and $8,000 in Royal stock, which has an expected return of 8% and a standard deviation of 6.3%. The correlation coefficient for the two stocks' returns is 0.3. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places