The investor decides to diversify by investing $8,000 in Gryphon stock and $4,000 in Royal stock which has an expected return of 6.5% and a standard deviation of 13.1%. 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. Use the correct answers from the previous question.

E( r )= 11.52

Standard Dev: 5.48