The investor decides to diversify by investing $7,000 in Gryphon stock and $7,000 in Royal stock which has an expected return of 7.5% and a standard deviation of 14%. The correlation coefficient for the two stocks' returns is 0.6. 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.

An investor is considering the purchase of Gryphon stock, which has returns given in the table below. Scenario Recession Probability 10.15 Rate of Return |-4% 8% INormal Boom 0.46 0.39 12%