The Glover Scholastic Aid Foundation has received a 20 million global government bond portfolio from a Greek donor, with the condition that it be diversified to hold Turksih government bonda. The relevant country performance data are given in Exhibit 1. Historical correlations for the two currencies are given in Exhibit 2. Sofia expects that future returns and correlations will be apporximately equal to those given in Exhibits 1 and 2.

Exhibit 1 Country Performance Data

Greece Bond Return (%)- 2.0 Unhedged currency return (%)- ----

Turkey Bond Return (%)- 3.0 Unhedged currency return (%)- -2.0

Exhibit 2

Currency
Greece	.2	-.77
Turkey	-----	.3

Determine the return and standard deviation of a portfolio with equal weights in gree and turkish bonds.