Suppose James holds 100 shares of Macrosoft stock and 300 shares of Intelligence stock. Macrosofts stock currently sells at $80 per share, while Intelligences stock sells at $40 per share. The expected return on Macrosofts stock is 15 percent, while the expected return on Intelligences stock is 20 percent. The standard deviation of Macrosoft is 8 percent and the standard deviation of Intelligence is 20 percent. The correlation between the returns on the two stocks is 0.38. Calculate the expected return and standard deviation of his portfolio.