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The investor decides to diversify by investing $10,000 in Stangs stock and $2,000 in Royal stock, which has an expected return of 11.5% and a
The investor decides to diversify by investing $10,000 in Stangs stock and $2,000 in Royal stock, which has an expected return of 11.5% and a standard deviation of 9%. The correlation coefficient for the two stocks' returns is 0.1. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places.
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