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The investor decides to diversify by investing $9,000 in Gryphon stock and $5,000 in Royal stock which has an expected return of 7% and a

The investor decides to diversify by investing $9,000 in Gryphon stock and $5,000 in Royal stock which has an expected return of 7% and a standard deviation of 12.1%. The correlation coefficient for the two stocks' returns is 0.7. 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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