The investor decides to diversify by investing $2,000 in Gryphon stock and $3,000 in Royal stock, which has an expected return of 8% and a standard deviation of 13.8%. 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.

E(r)= 7.2

std. Dev. = 8.6

Enter your answers below.

E(rp) =