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The investor decides to diversify by investing $3,000 in Gryphon stock and $4,000 in Royal stock which has an expected return of 6% and a

The investor decides to diversify by investing $3,000 in Gryphon stock and $4,000 in Royal stock which has an expected return of 6% and a standard deviation of 6%. The correlation coefficient for the two stocks' returns is 0.2. Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places. Use the correct answers from the previous question.

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